Bank of America

Hong Kong-listed Chong Hing Bank is bringing a rights issue to investors as it seeks to bolster its capital position. The lender plans to issue one rights share for every two existing shares, which will raise HK$3.71bn ($478.64m).

The collapse of Afren, the once-proud London-listed oil exploration and production company with three bond issues to its name, is a shocking reminder of the risks investors face in emerging markets, and of how even some of the most sophisticated players in financial markets can get things drastically wrong.

FMS-Wertmanagement, the German wind-up agency, nipped in to print a four year floating rate note on Thursday.

San Miguel Corporation’s SMC Global Power Holdings Corp has mandated eight banks as the company hopes to return to the dollar bond market with perpetual subordinated notes.

US Reit Medical Properties on Wednesday sold its €500m unsecured bond drawing attention from investment and non-investment grade buyers by being the only corporate issue of the day.

Bank of America Merrill Lynch has lost another CEEMEA DCM banker.

A $550m borrowing for Bank Rakyat Indonesia’s (BRI), which is due to be prefunded by a club of 11 banks, is expected to go into general syndication. Lenders are waiting for Bank Indonesia approval and are targeting signing by the end of August, with the first drawdown in the first week of September.

The privatisation IPO of Poste Italiane, set to be one of the highlights of the ECM calendar in the second half of 2015, took another step forward on Tuesday when the company filed its request for listing to Borsa Italiana and its prospectus to Consob for approval.

Berenberg has strengthened its US-focused team, hiring a new chief economist to focus on the region.

Swedbank kept euro denominated FIG supply ticking over with a five year floater on Tuesday, but bankers said the deal’s small oversubscription would do little to convince others to pull the trigger this week.

A senior CEE originator at Bank of America Merrill Lynch has left the company.

Royal Bank of Scotland’s painful restructuring was rewarded by the capital markets this week as investors swarmed all over an equity block and threw $26bn at the state owned lender’s debut additional tier one bond.