Bank of America

The State of North Rhine Westphalia crowned a week of dollar issuance with a return to fixed rate benchmark issuance in the currency after a near four year hiatus. The move came in a week when more frequent issuers were able to attract demand even at very tight levels.

The Republic of Korea returned to the euro market for the first time in eight years on Tuesday, pricing a $2bn equivalent dual tranche trade that included a dollar leg. Bringing its first ever 30 year bond, the sovereign was able to create one of the flattest dollar curves of its peer group. But having been away from euros for so long, it was prepared to leave some money on the table for that tranche if needed, writes Isabella Zhong.

CMB HK makes dollar debut with three year — KEB rides RoK tailwind — MCC puts dollar return on drawing board — HK Huafa seeks offshore RMB debut

The Asian syndicated loans industry is bracing itself for the return of Indian power companies, with Khopoli Investments, National Thermal Power Corp (NTPC) and Power Finance Corp looking to tap the market for a combined $705m.

China’s Tianhe Chemicals Group launched its HK$6.34bn ($818m) IPO on June 3, but investors will have to work hard to figure out fair value as there are no direct comparables for the Liaoning-based firm.

BBVA returned to the covered bond market for the first time in more than a year on Wednesday with a 10 year Cédulas that attracted 115 investors into the book. The coupon paid was the lowest ever for a 10 year in the history of the Spanish market.

The Republic of Korea returned to the euro market for the first time in eight years on Tuesday pricing a dual tranche trade that also included a dollar leg. Out with its first ever 30 year bond, the sovereign was able to create one of the flattest dollar curves among its peers. However, it was happy to leave some money on the table for the euro tranche having been away for so long.

Goldman Sachs has strengthened its M&A team with a series of internal promotions, including the appointment of Richard Campbell-Breeden as vice chairman of investment banking for Asia Pacific ex Japan.

The Republic of Korea opened the books for a dual tranche dollar and euro denominated issue on Tuesday. The SEC registered deal is the first dual currency transaction from Korea and from an Asian sovereign since 2006.

China’s Tianhe Chemicals Group launched its HK$6.34bn ($818m) IPO on June 3 and investors are having plenty to do in order to figure the transaction out. There are no direct comparables for the Liaoning based firm.

Khopoli Investments, a subsidiary of India’s Tata Power, has launched into syndication a $205m three year loan priced at 210bp over dollar Libor, which bankers on the deal are hoping will be enough to generate strong interest from lenders.

Bank of America Merrill Lynch has appointed Tim Waddell as vice-chairman of corporate and investment banking for EMEA, as it affirms the importance of international advisory business in its investment bank.