Bank of America

Books on the Rph4.6tr ($376.74m) IPO of Archi Indonesia will close a week later than scheduled as the company waits for some key investors to finalise their bids.

Korea East-West Power Co (EWP) provided a strong end to what has been a mixed year for Korean credits, selling a $500m 5.5 year bond on November 24. Investors thronged to the quasi-sovereign, which benefits from favourable government policies, at one point helping the order book reach eight times subscribed.

Feiyu Technology International Co, a mobile game developer, has pressed the play button on its HK$765m ($99m) listing, opening books on November 25. The shares are being offered at a discount to some of the closest comparables, but bankers said valuation was not a priority for investors who are more concerned about the business having the right team in place to develop the next big game.

Bond investors are facing yet another blockbuster bank capital deal just a month after Bank of China’s $6.5bn additional tier one (AT1) with Industrial and Commercial Bank of China (ICBC) set to launch its own trade later this week. While ICBC is likely to lose out in size, it is planning to steal the spotlight by executing a triple-currency transaction including a record beating offshore renminbi offering.

Verizon Communications, the US broadband and mobile phone company, raised €2.4bn ($2.99bn) on Monday with dual tranche bond issue, which it priced arguably inside its dollar curve.

The recent spate of bond issuance in euros by US companies continued on Friday as Praxair, the Connecticut-based industrial gases group, sold a €500m 11 year bond with a minimal new issue premium.

Italian gas distributor 2i Rete Gas issued a €540m long five year bond on Friday, to rebalance the proportion of bank loans and capital markets instruments in its debt profile.

United Biscuits drew a flock of lenders to the bank meeting on Friday for its £985m-equivalent loan for its acquisition by Yıldız of Turkey. Banks in particular are eager to gain a relationship with a new company in the European leveraged finance market.

Chinese hotpot chain Xiabuxiabu Catering Management began pre-marketing its HK$1.55bn ($200m) IPO on Monday, as bankers get set to whet investor appetite in Hong Kong, Singapore, London and the US.

CGN Power is on track to be Hong Kong’s biggest IPO in 2014 as investors jostled for a piece of China’s largest nuclear energy producer, with institutional books already multiple times subscribed on day one of bookbuilding.

Korea East-West Power Company has opened books for what it looks to be the country’s last offshore bond this year. The five and half year 144A/Reg S bond had attracted an order book of $1bn by Monday afternoon.

Shareholders in Chinese online retailer JD.com, which listed on the Nasdaq in May in a $1.78bn IPO, are looking to sell their holdings in a follow-on offering expected to raise $500m. The trade is only possible because the underwriters of the IPO have waived the lock-up period.