Citi

Taiwan’s Advanced Semiconductor Engineering has ventured back into equity-linked after a near two-year hiatus, raising $200m from a 2.75 year convertible bond that was flooded with orders, and led to nearly half the accounts going home empty handed.

China Life Insurance Company braved the volatile global market on June 25 to sell the country’s first core tier two subordinated insurance bond. China’s largest underwriter set a benchmark for insurance capital under the country’s new regulations, and more are expected to come.

CJ CheilJedang Corporation has picked three banks ahead of its upcoming offshore bond, which is likely to be in hybrid format.

Citi has appointed Citi veteran Anand Selvakesari as head of consumer banking for Asia Pacific, as his predecessor, Jonathan Larsen, focuses on the global and US retail banking and mortgage franchises

Heinz’s jumbo bond backing its acquisition of US foods group Kraft topped off the dollar market’s best ever quarter and half-year for high-grade corporate issuance.

Korea National Oil Corp (KNOC) has mandated six banks to prepare for the first outing to the offshore debt market this year. Although nothing has been decided on the upcoming notes, the borrower is expected to return before November 2015, when its existing bond comes up for maturity.

South Korea’s Mirae Asset Life Insurance Co slashed the size of its IPO to W340.5bn ($304.8m) on June 25 after pricing the trade below guidance, following a slow-burning bookbuilding process.

All eyes were on Bank of China’s landmark four-currency deal on June 24, which was divided into 10 tranches in dollars, euro, Singapore dollars and offshore renminbi (CNH). It became the first bond ever issued in support of China’s plans to extend its global influence under the "One Belt, One Road" (OBOR) policy, but its success doesn’t necessarily mean there will be more, reports Narae Kim.

China Life Insurance Company opened books on June 25 for the country’s first core tier two subordinated notes under the sector’s new regulations. The firm is launching the trade at a time when markets are still digesting news of the absence of a deal with Greece on its debt repayment.

The corporate bond market got back on its feet with vigour on Wednesday, as Capgemini in particular impressed, with a hefty size and even heftier order book for a triple tranche deal — though it had to pay a large new issue premium.

Chinese search engine Baidu raised a jumbo $1.25bn as it jumped into the short window between positive news of Greek debt negotiations and the launch of Bank of China’s mega deal this week. Baidu’s dual tranche offering crossed time zones to draw in investors from Asia, Europe and the US.

RBL Bank, formerly known as Ratnakar Bank, is looking to raise Rp15bn ($234m) in an Indian IPO, with a syndicate that is significantly larger than when the deal first came to light. The trade is slated to launch in the second half of the year.