Banks

The leveraged loan pipeline for September coughed into life this week, as AkzoNobel Specialty Chemicals unveiled the first jumbo deal of the week, a €5bn loan to support its buyout by Carlyle and Singaporean government fund GIC.

Tom Muoio is joining Fitch Ratings' corporate issuer team in September, three months after leaving Jefferies.

Czech company Atrium European Real Estate has hit the market with a deal first roadshowed in June, raising €300m with a seven year.

Overwhelming support for Aluminum Corporation of China’s (Chalco) $400m three year bullet bond allowed the issuer to price through its parent company’s curve on Thursday.

China Ping An Insurance Overseas (Holdings) hit its $500m target on Thursday with its inaugural public bond, narrowly escaping a change in market sentiment overnight due to the latest trade threat from the US.

Chinese property developer Gemdale Corp priced a $150m bond on Thursday, but told investors not to put in any orders after price guidance was released — a move that surprised many debt bankers.

Chinese integrated online healthcare provider 111 has opened books for its IPO of American Depository Shares (ADS), which is slated to raise $148.8m.

Biotechnology firm Hua Medicine has launched bookbuilding for its Hong Kong IPO, targeting up to HK$972.1m ($123.9m) in proceeds.

A top Chinese automaker and Hong Kong listed-Xinyi Glass Holdings are separately sounding out banks for new syndicated financings.

It is high time that the famously conservative Japanese market started embracing new practices. There are signs that modernisation is afoot.

Growing fears that the UK could crash out of the EU without a deal are starting to weigh heavily on UK banks. The country’s most prominent issuers are finding it harder to drum up support for their bond deals, as investors find plenty of alternatives elsewhere. Tyler Davies reports.

Two of the euro corporate bond market’s more frequent issuers helped fully reopen the market with a pair of dual-tranche deals immediately following the UK August bank holiday. The quality of the credits was one of the reasons the market was able to digest €6.65bn of supply on the day.