Citi

Spanish utility Iberdrola had significant success with its debut green hybrid bond in November when it received €3.2bn of orders. However, its second such bond failed to tighten from initial price thoughts when it was issued this week.

Hong Kong stole the show for overnight share sales in Asia this week as three transactions worth a total of $1.3bn were priced — before a monster $10.6bn sell-down in Tencent Holdings launched as GlobalCapital Asia went to press on Thursday.

Global internet and entertainment group Naspers launched a block sale of Tencent Holdings shares on Thursday, looking to raise $10.6bn, according to a term sheet seen by GlobalCapital Asia.

The Kingdom of Bahrain has announced the only new CEEMEA bond mandate of the week so far, looking for a multi-tranche benchmark deal to follow its storming last foray into the international bond markets in September.

Asia’s dollar bond issuers were back in the market on Thursday after taking a pause during the US Federal Open Market Committee meeting this week.

GlobalCapital revealed the winners of its Equity Capital Markets Awards 2017 at our third annual Awards Dinner in London on March 20. CEOs and CFOs were present to collect Awards for landmark deals such as the UniCredit and Santander rights issues and the IPOs of Allied Irish Banks and Pirelli.

The Nordic Investment Bank has announced that it will become the second borrower of the week to access the two year dollar market. The first, Kommunalbanken, scooped up $1.25bn on Tuesday.

Malaysian rubber gloves manufacturer Top Glove Corp has sealed a $310m loan, with robust support from banks making the deal 2.5 times covered.

The IPO of Dutch bank NIBC was due to be priced on Thursday evening at the bottom of its initial range, valuing the company at €1.28bn.

Kommunalbanken announced a two year dollar benchmark on Monday, coming on the heels of a strong week for dollar issuance.

Two new SRI corporate bonds were priced on Monday, but with very different results. Iberdrola’s green hybrid bond failed to tighten from initial price thoughts, while Danone’s debut social bond had to pay just 2bp of premium.

The IPO of Elkem, the Norwegian silicon producer and supplier being floated by ChemChina, priced on Wednesday at Nkr29 ($6.74) a share, the bottom of the expected range.