Bank of America

China Merchants Bank (CMB) New York branch opened books on May 7 to a $500m three year bond, which will be the issuer's first outing in the international debt market. Bankers on the deal hope to see huge demand for China Construction Bank’s bank capital trade spill over to CMB New York's issue.

There may have been no tequila at the roadshow but investors piled into Jose Cuervo’s inaugural international bond issue on Wednesday as Mexican companies continue to enjoy heady conditions in capital markets.

As block trade bankers had predicted, the fireworks are starting again as companies emerge from blackouts. Five deals totalling €2.8bn were in the market on Wednesday night, but there were no auctions: all of them were mandated trades, leaving banks away from the action with nothing to bid on.

Windeln.de, the German online baby products seller, dropped 18% today on its first day of trading in Frankfurt – a bitter conclusion to an IPO process that had appeared to run smoothly until then.

Titanium, fluoroproducts and chemical solutions business Chemours sold $2.5bn of senior unsecured notes on Tuesday, proceeds of which will go to its parent, DuPont, in the form of a dividend.

Noble Group, a commodities supplier, has received a total of $2.25bn in commitments, including $1.5bn from the original 15 mandated lead arrangers and bookrunners. The commitments cover the amount it was seeking when it launched the deal into general on April 8.

Leveraged finance bankers at a recent industry event were upbeat about the scope for a pick-up in Asia cross-border M&A, which they see revitalising the flaccid leveraged finance activity so far this year. However, there is a debate over whether Asian banks are any closer to offering the looser terms available in Europe and the US.

Bank of America Merrill Lynch has filled its top ECM syndicate role in Asia Pacific by moving Akram Zaman to Hong Kong from New York, sources said.

A sell-off in European government bonds this week has public sector bond bankers hoping that investors may soon be tempted to buy public sector new issues in euros in greater size.

Rating: Aaa/AA+/AAA

Leveraged loan investors in Europe and the US are bracing themselves for a tough second quarter of borrowers aggressively trying to cut margins on their loans, writes Ross Lancaster.

The US bank is chasing market share in Europe on all fronts, writes David Rothnie.