Bank of America

While the focus in euros this week may have been on Greece’s blowout return to the capital markets, two other issuers were able to sell successful trades of their own. The European Financial Stability Facility and Unédic breezed through seven year trades, though syndicate bankers worry that a quiet patch lies ahead with few agencies keen to issue.

In what was an all-around impressive week for peripheral bank issuers, Allied Irish Banks and Italy’s Intesa Sanpaolo printed five year senior deals, proving investors are willing to go further out on the credit curve for longer in the search for yield.

The International Finance Corporation completed its $1bn offshore Indian rupee-linked bond programme on Thursday, pricing a seven year bond. Bankers expect the successful completion of the IFC’s programme to widen the range of investors involved in offshore rupee deals, while the issuer is already laying the ground for further deals.

Beijing-based iKang Healthcare Group priced its $153m Nasdaq listing at the top of the range this week, as investors jumped at the chance to gain exposure to one of the fastest growing industries in China.

Korea Eximbank (Kexim) returned to the Kangaroo market on Wednesday, selling its second ever deal in the format. Investors reacted positively to the deal, allowing the leads to price comfortably inside of initial guidance with a healthy oversubscription.

Pakistan returned to the bond market on Tuesday night with a $2bn dual trancher that attracted US investors, as the frontier economy ended a seven year exile from capital markets. The reception from Asian accounts was a little cooler, however.

LotSynergy, a technology company dedicated to the lottery business in China, priced an investor friendly convertible on Wednesday, relying mostly on long only accounts due to a lack of stock borrow available.

China tech goes viral – Leju launches $212m IPO – Tuniu hopes for bullish market with $120m US IPO – Malaysia's Kuok sets sail with $334m Posh IPO – Rapid growth key to Ichitan’s $120m IPO – L&T gauges investor appetite for $800m business trust

The heat in the LatAm bond market crept up a notch after Brazil’s Gerdau captured a 12 times subscribed book for its latest bond on and Abengoa’s deal shot up a remarkable five points in secondary the day after pricing.

Turkish Garanti Bank has released price guidance equating to a 35bp new issue premium for its new dollar benchmark 2019s, according to an origination official on the deal. Bank of America Merrill Lynch, BBVA, Citi and HSBC are arranging the sale.

Greece’s capital market comeback bond will be priced at the tight end of guidance on Thursday after the sovereign drew an extremely large book to the deal.

Renaissance Capital has appointed Mike Harris as managing director and head of what the Russian bank calls 'Turkey product'. Based between London and Istanbul, reporting to David Nangle, head of equity research at Renaissance Capital, Harris will be responsible for country strategy, and for expanding the firm’s research coverage of Turkey.