Banks

Indian metals and mining company Vedanta Resources courted the market on Thursday for its first bond since delisting from the London Stock Exchange late last year. While the delisting raised some questions for investors, the deal ultimately pulled in $1bn for the issuer.

Peking University Founder Group Co has raised $300m from an ultra-tight bond.

Hong Kong oil trading business Winson Group is paying up for an up to $180m secured revolving credit facility.

Hansoh Pharmaceutical Group has refiled its long-anticipated Hong Kong IPO. The Chinese drug maker first planned to go public in 2016, and was said to be readying a roadshow for its IPO as recently as February.

China Grand Automotive Services, the parent of Grand Baoxin Auto Group, has made its debut in the offshore loan market, four months after it raised an onshore facility. The company wants to raise $420m.

Deutsche Bank has hired Mark Lewellen, the former co-head of debt capital markets and risk solutions at Barclays, as head of corporate DCM Europe.

Citi’s Asia Pacific chief executive Francisco Aristeguieta is leaving to join State Street. The search is on for a longer-term replacement but his job will be filled in the interim by Citi’s productivity head.

International bond investors have admitted to being impressed at the market’s capacity to absorb local currency paper after Peruvian conglomerate Alicorp sold the second global sol bond in the space of a week.

The financial institutions bond market was confined to a handful of small trades this week, as Wall Street self-funders prepared to pull the trigger on multi-billion trades after reporting season.

Sentiment in the dollar corporate bond market remained upbeat this week, even after jumbo deals from Broadcom and Saudi Aramco traded softly.

Activist investor Edward Bramson will be hard-pressed to succeed in his bid to get a seat on the board of Barclays. But his push to get the firm to retreat from investment banking could well find a better reception among weary investors.

The week started on a green note with ABN Amro issuing its fourth green bond on Monday. It was more than three times subscribed. On Tuesday, Erste Group also enjoyed favourable market conditions with demand at nearly 10 times its final books.