Bank of America

Hong Kong IPO hopefuls rushed to file their draft prospectuses with the city’s bourse this week, as the window closes for a launch before the end of the year.

After a drought of new investment grade corporate bonds from the telecom sector, French operator Orange made it two in two days after Telefónica sold a seven year trade on Tuesday. Orange offered a 12 year tranche as well as another seven year offering, but had to leave something on the table to achieve a €2bn print.

A day after Swedish bearings and seals manufacturer SKF announced a tender offer for its outstanding short dated bonds, it sold a €300m seven year bond to finance the buy-back.

European corporate bond investors have enjoyed the extra yield a bunch of new 12 year bonds have offered in the last two weeks, but are warning that issuers may need to find a new trick soon.

Fosun Tourism Group, a subsidiary of Chinese conglomerate Fosun International, is planning to spin-off and list on the Hong Kong Stock Exchange.

Meituan Dianping, one of China’s hottest technology unicorns, has launched bookbuilding for its up to HK$34.6bn ($4.4bn) Hong Kong IPO.

The euro senior corporate market slowed right down over the summer, but the actual break in issuance was for barely two weeks. For hybrid deals, however, it was nearly seven weeks from the last new issue to Belgian electricity grid operator Elia’s deal this week.

Bankers are preparing to hit the ground running when they return from the Labor Day holiday next week primed for a glut of high grade corporate supply.

Belle International reeled in some five banks in general syndication for its HK$30bn ($3.8bn) loan, with several more commitments left to be processed before the deal is closed.

Chinese technology unicorn Meituan Dianping is gauging appetite for its potential $4bn Hong Kong IPO, which has already received a large amount of interest from US investors. But there are challenges ahead, as the company faces down e-commerce giant Alibaba Group Holdings. Jonathan Breen reports.

Aston Martin, the UK maker of luxury cars, has launched one of the most highly anticipated London IPOs in recent years, having announced its intention to float on Wednesday morning.

Chinese technology unicorn Meituan Dianping has started pre-marketing its potential $4bn Hong Kong IPO, quickly receiving a flood of interest from US investors. But there are challenges ahead, as the company faces a strong affront from e-commerce giant Alibaba Group Holdings.