Bank of America

Alliance Boots’ £12bn leveraged buyout in 2007 was a titanic and totemic deal, which symbolised the height of the pre-crisis LBO wave. This week, the financing was done that will remove the UK pharmacy group’s name from the corporate landscape, merging it with US chain Walgreens into WBA — Walgreens Boots Alliance.

Abengoa Yield, the contracted asset holding company controlled by Abengoa, the Spanish renewable energy company, has launched its first bond since it was listed on Nasdaq in June.

UK challenger bank Virgin Money has received enough demand from investors to list in London next week, only a day after the start of bookbuilding.

ICBC NY sneaked a triple tranche dollar bond into the market on Wednesday while most attention was concentrating on well flagged issues from Bank of China and China Construction Bank. ICBC took a hefty $2.25bn with the US targeted senior trade, proving that global appetite for Chinese bank debt is still unsated.

Huaneng Power International raised HK$3.14bn ($405m) on November 5 through a private placement of shares to nine investors. While wall-crossing efforts went on for just 24 hours, the recent rally in the company’s share price meant some of the investors had to be walked up to the final pricing.

The Islamic Republic of Pakistan is set to raise at least Rp69.7bn ($678m) from the sale of some of its holding in Oil & Gas Development Corp (OGDCL), having set the floor price for the offering at Rp216 a share.

Chinese banks issued $5.7bn of debt on Wednesday and Bank of China (BoC), never one to take a back seat, stole the show with a $3bn bullet Basel III-compliant tier two offering. The enormous demand suggested that investors just cannot get enough of Chinese bank capital, and by venturing into the 144A market the bank has set a strong benchmark to help the pricing of remaining supply, writes Virginia Furness.

National Australia Bank is set to sell the first Basel III-compliant tier two capital issue from an Australian bank in euros on Wednesday.

Bank of China is well underway with its debut Basel III compliant tier two, opting for a single dollar bullet. The deal follows in quick succession the bank’s $6.5bn additional tier one (AT1) preference shares which it sold on October 15.

Industrial and Commercial Bank of China New York is out in the market with a triple tranche senior dollar, as fellow Chinese big banks China Construction Bank and Bank of China market tier two bonds.

European companies from beleaguered industries, new to the market or under investor pressure had better think twice before they enter a high yield market willing to teach them a lesson before the year ends.

UK challenger bank Virgin Money today restarted its planned London IPO, after having put the deal on hold last month, as a keenly awaited decision from the Bank of England reassured the issuer.