Banks

Tencent Music Entertainment Group has started pre-deal investor education for one of the highest-profile IPOs by a Chinese firm in the US this year.

Natixis has picked two bankers to lead its corporate coverage across Greater China through an internal promotion and a new hire.

Indonesian power company Perusahaan Listrik Negara has closed its debut offshore loan after exercising part of the greenshoe option.

The Ministry of Finance of the People’s Republic of China has mandated 12 banks to work on its planned $3bn return to the bond market, which could come next week.

Hong Kong-based Alex Yuen has resigned from JP Morgan’s equity capital markets team, GlobalCapital Asia understands.

Barclays is on the verge of signing up for four more years of its partnership with the Unreasonable Group, a company that supports high-achieving entrepreneurs leading businesses that solve social or environmental problems.

Yann Gérardin, head of corporate and institutional banking at BNP Paribas, has been given a group level role as deputy chief operating officer responsible for the division, succeeding Alain Papiasse, who becomes chairman of CIB.

Asian Development Bank was aggressive with the pricing of its inaugural Sonia-linked floater on Tuesday by offering no new issue premium, according to SSA bankers. Nevertheless, the supranational was able to attract more than ample interest, allowing it to increase the size of the deal.

Kommuninvest was able to get more than enough demand for a rare three year dollar benchmark on Tuesday, despite the deal being priced at a level that onlooking SSA bankers said was flat to fair value.

ING’s German subsidiary has issued its largest ever Pfandbrief, one of the biggest from a German borrower this year, which, in the context of a volatile market backdrop, was deemed a great success.

Amphenol Technologies, the European subsidiary of a US fibreoptic cable connector firm, sold its first bond in euros on Monday. Despite a weaker secondary tone, demand for the 10 year deal justified the issuer’s decision to press ahead with the trade.

Burford Capital, the UK litigation finance company, completed a £196.1m capital increase on Monday night, selling just over 10.4m shares at £18.50 a share. The company's shares fell below the offer price in trading before recovering throughout the day on Tuesday.