Bank of America

Bayer, the German chemicals and pharmaceuticals firm, will issue about €3bn of hybrid capital as early as tomorrow, as part of the financing for its takeover of Merck & Co’s consumer care business.

Snack maker Uni-President China Holdings’ one for five HK$3.38bn ($423m) rights issue was extremely well received by shareholders, with the transaction ending up more than nine times covered.

The Republic of Indonesia will be meeting investors during the next two weeks for what would be its first euro denominated bond. Emboldened by a strong European bid for Asian credits, the sovereign has not been put off by presidential elections scheduled for next month.

China Construction Bank (Asia) is back in the dollar market with its second deal in three months, opening books for a five year bond on Tuesday.

Bank of America Merrill (BAML) launched on June 18 a centralised collections and payments solution for OSI Group, encompassing cash flow, deposits and FX services. The move is an example of how recent reforms are gradually making China-based regional treasury centres a possibility.

The offshore renminbi market continues to attract new borrowers with a pair Chinese companies preparing to make their debuts in the currency.

Coventry Building Society drew more than £3.25bn in investor demand as it issued a unique — and likely its only — additional tier one capital deal, in move that could open the door for other mutuals to raise regulatory capital efficiently.

Eurobank on Thursday became the last of Greece’s big four banks to return to the capital markets after the country’s 2010 bailout. While the deal didn’t reach the blowout heights of some of its predecessors, it was received favourably and concluded a strong week of senior issuance that saw Dutch bank ING grab a hefty order book at an aggressive level.

Barclays is set to issue £2.27bn equivalent of CRD IV-compliant additional tier one securities after completing its offer to exchange old-style tier one bonds on Friday, bringing the bank’s total outstanding volume of new-style AT1 to more than half its £7bn target.

Bank of America Merrill Lynch is planning a push up the euro supranational, sovereign and agency league table, a business line many institutions are cutting as they argue that it barely turns a profit.

Taiwanese circuit board manufacturer Zhen Ding Technology Holding (ZDT) raised $300m on June 18, finding better terms than when it made its equity-linked debut two years ago.

Noble Group this week priced the latest in a series of corporate hybrids from Asian issuers, bringing a $350m perpetual non call five. The global supply chain company was refinancing its existing perp after the triggering of an early redemption event in April last year. But although the bold move sparked controversy and enraged some investors, the issuer was able to tap into a new group of buyers and get cheaper funding, writes Isabella Zhong.