Bank of America

The Export-Import Bank of Korea (Kexim) sold a $2bn deal on Tuesday that looked almost identical to the issuer’s January trade.

China Literature’s IPO in Hong Kong, set to raise up to HK$8.3bn ($1.1bn), has been hotly received by investors. Books were well oversubscribed with no price sensitivity at the range given, said a banker at one of the leads.

Hutchison China MediTech hit the market on Wednesday with a view to raising around $262m from a follow-on sale of American depository shares (ADS), according to a term sheet seen by GlobalCapital Asia.

Keppel-KBS US Real Estate Investment Trust has started bookbuilding for its $448m IPO in Singapore, the city-state’s second Reit listing backed by US assets.

Euro corporate bond issuance was much cooler on Tuesday after Monday’s fireworks. “Maybe everybody parties on day one and is a bit hung over on day two,” mused one syndicate banker.

Wind Tre, the Italian telecoms company, issued its €7.3bn senior secured bond deal on Tuesday, a day ahead of schedule, and priced all four tranches at the tight end of guidance.

The European Stability Mechanism (ESM) brought its long awaited inaugural dollar transaction to market on Tuesday during a period of feverish activity in a dollar market that is “going from strength to strength”, according to one SSA banker.

Ablynx, the Belgian biopharmaceutical firm, has raised $200m through a second listing in the US, following positive momentum in the development of a new drug designed to combat a life-threatening blood clotting disorder.

Shares in Bawag, the Austrian banking group, closed below their offer price on Wednesday after the company priced its €1.68bn IPO at €48 a share, near the bottom of the initial €47 to €52 range.

The Export-Import Bank of Korea (Kexim) hit the offshore market yet again on Tuesday with a dual tranche dollar bond, a month after the South Korean issuer sold a Singapore dollar deal and a Formosa bond.

The FCA has imposed its first fine for failure to report derivatives trades under the European Markets Infrastructure Regulation (EMIR) — but endemic cultural issues in large banks suggest it won’t be the last.

One of the biggest IPOs in London this year was revealed on Monday when Arqiva, the UK’s largest operator of TV and radio broadcast towers, launched an IPO with a projected valuation of about £5.5bn.