Bank of America

Tuesday night’s two substantial block trades, in Dutch insurer NN Group and SSP, the UK catering company, both went well despite softness in equity markets before and during the trades.

Lower rated property developers from China are firmly back on the menu for fixed income investors with Fantasia Holdings Group the latest to try its luck on May 27.

ING Group launched a €1.18bn sale of shares in NN Group, its former insurance and investment arm, on Tuesday evening, in the larger of two block trades of the day.

Akbank is set for its second ground breaking loan of 2015, with the bank readying to launch a three year deal on Tuesday.

Daniel Hahn, an associate at Bank of America Merrill Lynch’s DCM syndicate desk in Asia, has left the bank, according to sources close to the move.

Singapore’s MMI, which designs and makes high-precision electromechanical components, has started testing investor appetite for its IPO of around $250m. This will be the second time the company has floated on the city state’s exchange.

Tata Power subsidiary Khopoli Investmentshas launched into syndication a $135m two year loan with two banks.

Baozun Inc’s decision to slice its IPO on Nasdaq to $110m paid off with the stock trading higher on its debut and investors signing up in droves after it relented to a lower offer price.

While banks have engaged in some genuinely appalling conduct and been punished for it, the quantum of fines has become seriously disconnected from — well, anything. It is not just bad for bank shareholders, it is bad for regulatory credibility.

A dollar market that has been a haven for issuers avoiding the troubled euro sector is starting to show signs of congestion, bankers have warned.

General Electric became the latest US issuer to hit the euro bond market with a multi-tranche deal on Wednesday. Unusually, the bond was issued by GE itself, not GE Capital.

Harman International Industries, the US audio equipment manufacturer, made its euro bond debut on Wednesday, putting together a sub-benchmark deal that will be used in part to finance its acquisition of part of Bang & Olufsen.