Banks

The European Commission will allow a group of public institutions in Germany to inject €2.8bn of capital into the troubled German lender NordLB, after finding that its recapitalisation plans conformed to EU rules on state aid.

Roland Domann has joined Nomura to look after the asset and liability management and insurance solutions structuring team focusing on European pension fund and insurance clients.

GDS Holdings raised $250m from a follow-on offering of new shares on Thursday, according to a term sheet seen by GlobalCapital Asia.

Chinese real estate firms Seazen Holdings Co and China South City Holdings both came to the dollar bond market this week, making use of a narrowing window for issuance before the year ends.

GAC-Sofinco Auto Finance, a joint venture between Crédit Agricole Consumer Finance and Guangzhou Automobile Corp, wrapped up a Rmb6bn ($851m) four tranche internationally rated auto ABS deal on Thursday. The trade was priced tightly thanks to the issuer’s good relationship with banks.

Malaysian energy services group Serba Dinamik International faced an uphill battle on Thursday when it courted investors for a new bond.

India's REC, formerly known as Rural Electrification Corp, raised $500m from a five year bond on Thursday.

Vietnamese car manufacturer Truong Hai Auto Corp has closed its debut offshore borrowing, increasing the size of the loan to $210m.

Times Neighborhood Holdings is set to hit the market with its Hong Kong IPO next week, according to a source close to the deal.

China Merchants Commercial Real Estate Investment Trust has raised HK$2.6bn ($327.6m) from its IPO, breaking a six-year drought of Reit listings in Hong Kong.

Chinese local government financing vehicle (LGFV) Kunming Rail Transit Group Co made its inaugural appearance in the dollar market on Thursday, raising $500m after a large price tightening.

Denmark’s government debt management office has formally proposed issuing green bonds in which the green element can be stripped off and traded separately — something that would be a world first, and would ask difficult questions of the green bond market. The DMO said investors had welcomed the idea.