Bank of America

BOC Aviation will launch bookbuilding for its $2bn Hong Kong IPO next Monday and is in the process of finalising the involvement of cornerstone investors, according to sources with knowledge of the situation.

A weaker than expected set of non-farm payroll data last week did little to deter issuers on Monday as a pair of borrowers awarded mandates.

South Korea’s Kookmin Bank is getting ready to bring out a new $500m senior bond to the international debt market, picking four banks to work on the offering.

Agricultural Bank of China New York has returned to the offshore bond market, having started bookbuilding for a dual-tranche dollar transaction on Monday morning.

Samsung Biologics, which sent out a request for proposals for its South Korean IPO on April 29, is understood to have invited nine domestic and six international firms to submit bids.

The claims of Corporación Andina de Fomento (CAF) to full SSA status appear to be gaining weight after the Latin American development bank issued a three year dollar benchmark on Wednesday.

After a week of no new paper in CEEMEA, EM bankers are looking forward to a busier next week as four bonds are slated from the region and the market looks supportive enough to allow issuers to pull the trigger.

Mubadala Development Company has set the size of its bond at $500m and meetings for the deal are so far going well, said a banker close to the deal on Thursday.

HDFC Standard Life Insurance Co (HDFC Life) has mandated four houses to run its IPO, which will be India’s first listing by an insurance company.

A HK$9.7bn ($1.25bn) sell-down in Chinese insurer PICC Property and Casualty Co last weekend has injected some welcome activity into Asia’s block market, which has seen limited business since the start of the year. The success of the deal in the primary and the secondary market is expected to inspire potential sellers to take action. Jonathan Breen reports.

Turkish bank Yapi ve Kredi Bankasi has refinanced the 367 day credit facility it signed in April last year, maintaining the size of the lender group.

Latin American development bank CAF’s transition from emerging market to SSA issuer is almost complete, said its head of funding, after nearly 40% of demand for its latest dollar deal came from central banks and official institutions.