China has been pushing for more Panda issuance, and a Hong Kong-listed water supply company has delivered despite not holding the top credit rating. It explains how and why.
Corporate treasurers in Hong Kong will watch pricing closely following the Moody's downgrades, though the wider outlook for local corporates is likely to remain robust.
China’s X-border transaction curbs are hindering companies that want to pay off debt offshore and increasing their appetite for X-border guarantee financing. But firms must play nice and not step across the line.