Banks

Chinese financial leasing company Far East Horizon returned to the offshore renminbi (CNH) bond market on Tuesday for its largest deal in the currency.

Investors were eager to buy into investment grade rated property developer China Overseas Grand Oceans Group's (Cogo) latest dollar bond, pumping in $4.6bn of orders for the $512m trade.

The Hong Kong Mortgage Corp (HKMC) made a rare public appearance in the debt market this week with a dual-currency transaction worth $1.29bn-equivalent. Featuring a Hong Kong dollar portion and an offshore renminbi tranche, the deal helped the issuer get ‘competitive’ pricing levels, said bankers.

JP Morgan’s head of southeast Asia equity capital markets has resigned, according to a source familiar with the matter.

Iberdrola, the Spanish utility, received booming demand for its green hybrid on Tuesday, as the combination of a higher yield and green debt helped books swell to €9.5bn.

Prologis, the US logistics real estate investment trust, proved that highly rated corporates can still entice investors, with the issuer printing long maturity debt inside fair value despite tight spreads.

Cyprus attracted sold demand when it hit the market for a new five euro benchmark on Tuesday. The trade was priced with a positive yield – a rarity for a eurozone sovereign bond in this part of the curve.

Portugal mandated banks on Tuesday to lead the sale of a new 30 year bond as it looks to pounce on the strong investor appetite in the long end of the euro curve.

The World Bank hit the long end of the dollar market on Tuesday. It was joined in the currency by a French agency issuing at the popular five year tenor.

Stephen Taylor, previously head of equity capital markets at Macquarie, has joined Houlihan Lokey's ECM advisory team.

Polish social and mobile gaming company Huuuge will price its Warsaw IPO at Z50, the top of the initial range, valuing the business at Z4.6bn ($1.2bn), according to sources close to the transaction.

UBS found room for $5bn of new debt in the dollar market this week, starting with a “phenomenal” result for a new additional tier one (AT1) on Monday and ending with a three-part senior offering a day later.