Bank of America

Bank of China launched its multi-currency, multi-tranche transaction on Tuesday morning, as Citic Securities also opened books for two tranches of dollar notes.

Asia’s primary DCM market is busy on Tuesday ahead of the long Easter weekend, with Lianyungang Port Group, China Oil and Gas Group, Yida China Holdings and Golden Wheel Tiandi Holdings Company opening books for their respective dollar bonds.

Unédic and Austria have announced that they will sell euro benchmarks at the long end of the curve on Tuesday.

Dubai retailer Damac Real Estate was out with a five year sukuk on Monday — a deal which featured a Russian bookrunner for the first time on a Gulf deal — as Mubadala marketed a conventional dual tranche dollar bond following its merger with IPIC.

Bank of China, CCB Life Insurance and Citic Securities kicked off investor meetings and calls this week, in pursuit of Reg S deals.

Yida China Holdings, Peking University Founder Group Company, Red Star Macalline Group Corp and HKICIM Group are looking to hit the offshore debt market, mandating banks for their respective Reg S transactions on Monday.

Guarantor: Financial Market Stabilisation Fund of the Federal Republic of Germany

Rating: Aa2/A+/AA-

FMS Wertmanagement took advantage of the dearth of supply in short dated euro paper to score an extremely tight price for its €1.5bn November 2020 benchmark on Thursday.

Two groups of vendors exited their holdings in two Asian firms this week, with block trades in Hong Kong-listed Imax China Holding and South Korea’s Kakao Corp raising a combined $278.1m.

Latam Airlines emerged with pricing for a new seven non-call four year senior unsecured dollar bond on Wednesday at the end of a four day roadshow.

FMS Wertmanagement has picked four banks for a short end euro transaction, making the most of the reopening of an area of the curve that has hosted very little public sector issuance in the past year.