Bank of America

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.

The recent run of Turkish loans continues with Garanti concluding a deal on Friday and Ulker set to sign on Monday.

Indian high yield issuers are really starting to make their presence felt with another two – Reliance Communications and Lodha Developers (LDPL) – planning to meet investors for what could be would be their debuts in the offshore dollar market.

Privately owned US-based power company ContourGlobal is preparing to issue a 144A/Reg S bond via its Peruvian subsidiary Energía Eólica, just three months after it started operations at the two largest wind farms in Peru.

Syndication for the $3.2bn portion of Tata Steel’s $5.6bn borrowing is progressing well, with the deal already receiving $750m worth of commitments, said a banker. Nine banks have committed so far and a handful more are expected to join before close.

BBVA raised €2bn of fresh equity on Wednesday evening, to finance its acquisition of a 14.89% stake in Turkey’s Garanti Bank — taking its stake in the bank to 39.9%. The €2bn will pay for the whole stake.

Two US blue chips issued a combined €4.8bn of bonds a day apart this week, demonstrating the euro market's attractiveness to US issuers and its capacity to absorb large amounts of paper. Bankers expect more US companies to dive in soon, while the swap market remains favourable.