Bank of America

GMR Energy has hired seven banks to manage an IPO which could be worth up to $300m and is due later this year, according to people familiar with the matter.

Lippo Karawaci extended its funding curve on Friday night by pricing an eight year offering that was set at a size of $150m by the issuer.

State Bank of India looks to be the next Indian name in the bond market after mandating banks for a new dollar issue.

Lippo Karawaci opened the books for its first dollar offering since January 2013 on Friday morning.

Huge oversubscriptions for borrowers ranked from single A to triple C helped LatAm to its second busiest week of bond supply all year, before any potential deals on Friday. LatAm investors had been starved of new deals in February and saw patchy new issue activity in March.

US investors’ appetite for bond issues remained sharp this week, while issuance dipped, as they grabbed opportunities to participate in deals from less frequent issuers like MidAmerican Energy and Interpublic Group and gobbled up extra spread.

German pension funds have joined Japanese investors hunting for long dated paper from sub-sovereigns, according to medium term note dealers. They are finding super long paper from French regions, but supply is limited and German regions are beginning to tap the demand by pushing further out along the curve.

Bank of America Merrill Lynch has made a double hire from Deutsche Bank, adding Adrien de Naurois and Hiren Gudka to its SSA team.

Singapore’s Oversea-Chinese Banking Corp is seeking a chunky HK$38.4bn ($4.95bn) loan to fund its acquisition of Wing Hang Bank, with three lenders underwriting the whole fundraising. The large size of the debt will test market liquidity, but bankers away from the transaction reckon lenders will put their faith in the OCBC name, writes Rashmi Kumar.

China Merchants Holdings International will offer HK$15.3bn ($1.97bn) worth of mandatory convertible securities to its existing shareholders in a deal that could improve the company's credit rating.

The Islamic Republic of Pakistan met investors this week as it looks to return to the international bond market. But while the issuer’s fundamentals are improving, it will still have to work to win over investors, writes Isabella Zhong.

Oversea-Chinese Banking Corporation (OCBC) is looking to issue the second US dollar Basel III-compliant tier two bond from a Singaporean bank, after UOB printed a $800m bond in March.