Bank of America

Hyundai Capital Services has returned to the international market, opening books to a 5.5 year 144A/Reg S dollar bond on Monday.

GF Securities is making a big splash in the ECM market, opening books for its Hong Kong IPO of up to HK$27.9bn ($3.6bn) on Monday, March 23 and offering a very generous discount to where the company’s A-shares are trading. The bargain buy has resonated well with the market, with cornerstone investors having signed up for more than half of the entire trade.

Mizuho Bank printed its first dollar issue of the year on Thursday, printing a multi-tranche offering that consisted of the same structure and size of its last outing in September. The Japanese lender took advantage of the cautious market sentiment following Federal Open Market Committee (FOMC) meeting this week to effortlessly bag $2.5bn.

Auto Trader shares shot up on the start of trading Thursday, at one point reaching a high 16.5% above issue price, after the new and used car sales website completed its £1.39bn London listing.

Equity accelerated bookbuild activity was lively this week, reflecting generally buoyant stock markets and investors eager for paper as quantitative easing begins to bite.

The hot demand in Europe's credit markets has already brought a stream of US investment grade borrowers to issue in euros. This week, four US high yield issuers rated single-B joined the caravan, writes Victor Jimenez.

Emirates NBD issued a €550m seven year bond on Tuesday, a breakthrough for Middle East banks in the euro market. But bankers said they are uncertain whether other issuers will now follow.

Shinhan pays a visit to Uncle Sam — BoC Aviation takes off en route 144A — Shanghai Electric charges up for euro debut

India’s Adlabs Entertainment wrapped up its extended IPO this week, raising Rp3.70bn ($59m) by pricing its shares at the bottom of a revised range.

Bank of America Merrill Lynch and Deutsche Bank are working on allocations tonight on the IPO of Auto Trader, which has been a big success.

Repsol, the Spanish oil company, has issued a €2bn hybrid bond as part of the long term financing for its $8.3bn (€6.6bn) acquisition of Talisman Energy.

UCB, the unrated Belgian pharmaceuticals company, is sounding out demand for a senior unsecured euro bond for general financing purposes among European investors.