Citi

A burst of M&A announcements early this week from Danish national phone carrier TDC, auto parts maker ZF Friedrichshafen in Germany and French telecoms firm Orange lifted the mood in the western European loans market. But Orange's financing plans, which include hybrid bonds, show that deals may not always lead to loan mandates.

Gemalto, the French internet security company, launched its first bond issue today, raising €400m at attractive terms, as it finances its $890m acquisition of SafeNet.

Alibaba Group’s mega IPO was always going to be a game changing deal. Nearly one year in the making, the $21.8bn listing has broken multiple records and put Chinese companies in the limelight. With its shares due to start trading on Friday, how the deal performs in secondary will affect equity markets far and wide, writes Rashmi Kumar.

UK clothing company Fat Face set price guidance on its £210m senior secured loan yesterday, the borrower's first return to capital markets since a pulled IPO in May.

China’s Honghua Group opened books for its debut international bond on Thursday. The oil rig maker is offering a five year non call three dollar bond.

Chong Hing Bank’s $300m additional tier one (AT1) bank capital issue is attracting plenty of attention from fixed income investors, with bids crossing the $500m mark just 90 minutes after books opened at 9am on September 18.

Reliance Industries’ telecom arm Reliance Jio Infocomm has picked a consortium of 15 banks to lead its $1.5bn refinancing.

Industrial and Commercial Bank of China (ICBC) priced its Singapore and Taiwan dual listed offshore renminbi bond on Monday, September 15, with Taiwan investors in particular flocking to the deal.

Nordea burst into the additional tier one market on Tuesday with its debut deal, a dual tranche dollar print. The issuer was able to draw a multiple times subscribed order book despite securing the lowest coupon yet in the format.

Turk Eximbank priced a new seven year offering on Wednesday. While demand wasn’t overwhelming across the two day execution, the bond came inside its implied curve and attracted a high quality book.

Mobile and web games operator Feiyu Technology International Company is looking to raise between $150m and $300m from a Hong Kong IPO, and has filed a preliminary prospectus with the regulator.

Tui AG, the German tourism group, followed up Monday’s announcement of an agreement on merger terms with British subsidiary Tui Travel by beginning a roadshow for its first bond issue for nearly a decade.