Bank of America

Speculative grade debt buyers believe borrowers will keep deleveraging, according to an August credit investor survey by Bank of America Merrill Lynch. But fund managers also think the market is failing to price leverage correctly.

Bank Nederlandse Gemeenten kept the sterling tap running as the sole deal in the primary SSA market on Monday, with a Norwegian agency lining up to follow it on Tuesday.

Macau gaming leader Sands China made waves in the debt market on Thursday with its mammoth $5.5bn triple-tranche bond debut.

HDFC Asset Management Co has raked in Rp28bn ($407.9m) from its IPO after a big show of demand from institutional and non-institutional investors.

Mainland telecommunications infrastructure giant China Tower raised HK$54.3bn ($6.9bn) this week after getting its mammoth float across the line at the bottom of guidance.

India’s most valuable lender, HDFC Bank, showed why it deserves the title this week, as it bagged $2.2bn from a dual-tranche fundraising that combined soaring demand for its shares at home and abroad. John Loh and Jonathan Breen report.

India’s HDFC Bank has raised $2.22bn through a qualified institutional placement and a concurrent sale of American Depository Shares (ADS).

China Mengniu Dairy Co found exceptional support from European investors for its $500m refinancing exercise on Tuesday.

Bank of America Merrill Lynch has bolstered its EMEA equities division with a string of new hires, including four new managing directors.

Taiwan Cement Corp has raised $549m from an overnight Global Depositary Shares sale after exercising part of the greenshoe and pricing at the low end.

South Korea’s Woori Bank returned to the debt market on Monday, raising $300m from a Basel III-compliant tier two bond.

India’s HDFC Bank has launched bookbuilding for a qualified institutional placement (QIP) of common stock and a fresh offering of American Depository Receipts (ADRs), with a view to raise up to Rp155bn ($2.26bn).