Bank of America

Hong Kong insurer FWD issued its debut international bond on Wednesday, September 17. Offering a Reg S 10 year dollar deal capped at $325m, the borrower received an enthusiastic response and was able to price the paper without a new issue concession.

Reliance Industries’ telecom arm Reliance Jio Infocomm has picked a consortium of 15 banks to lead its $1.5bn refinancing.

Investment banking fees in China have reached a record this year, so it is no wonder that banks have moved to ramp up their expertise in the country. Bank of America Merrill Lynch is the latest to strengthen its credentials, hiring Morgan Stanley veteran Alex To.

Nordea burst into the additional tier one market on Tuesday with its debut deal, a dual tranche dollar print. The issuer was able to draw a multiple times subscribed order book despite securing the lowest coupon yet in the format.

Mobile and web games operator Feiyu Technology International Company is looking to raise between $150m and $300m from a Hong Kong IPO, and has filed a preliminary prospectus with the regulator.

Insurance company FWD opened books for its debut international bond on Wednesday, September 17. The Hong Kong-based borrower is selling a ten year Reg S dollar issue.

Chile’s fourth largest bank, CorpBanca defied another difficult day in markets to attract hefty demand for its latest bond issue, allowing it to raise more than initially planned. CorpBanca’s existing bonds trading off during the two day sale process, but bankers on the deal said they were happy with pricing.

LVMH Moët Hennessy Louis Vuitton has a cachet in the bond market, as in its own field of luxury goods. An A+ rating is rare, and LVMH is an infrequent borrower. It can also rely on the enthusiastic support of French investors.

Nordea is set to sell its debut additional tier one print on Tuesday afternoon, just the second deal in the format to carry a pair of investment grade ratings. While some bankers away from the trade have suggested the deal came with overly generous initial price thoughts, the level is expected to tighten on Tuesday afternoon.

Korea Western Power (Kowepo) made a solid return to the dollar market on Monday, pricing a five year bond that was nearly four times subscribed. Despite a soft start to the week, the quality of the credit and the strategy of capping deal size at $300m was a drawcard for investors.

Three deals announced first thing Monday and priced later in the day demonstrated that the LatAm bond market was well into its September swing. But another hefty premium paid by a Colombian oil operator showed that investors are discriminating between credits, said bankers.

Chilean lender CorpBanca will look to become the latest financial issuer from Latin America to notch a bond market success on Tuesday after Peru’s BBVA Continental priced its first ever international tier two bond.