Citi

China Gold International Resources Corp opened books for its inaugural international issue — a three year dollar bond — on Thursday.

DBS Group, the holding company of Singapore’s DBS Bank, returned to the dollar market on Wednesday with a surprise $1.25bn dual trancher. Although the issuer had launched with only a five year fixed rate bond, it added a five year floater during execution after healthy investor appetite.

Asian bond issuers just can't get enough of the euro market. This week it was the turn of India's ONGC Videsh to tap the currency, but it did so in unexpected fashion, launching a dual tranche dollar deal and tacking on a debut euro leg late in the process. From a pricing perspective, the tactic looked to have paid off — and the $2.2bn-equivalent deal was India's biggest G3 issue, writes Virginia Furness.

Luye Pharma Group made a promising start to life on the Hong Kong Stock Exchange, shooting up by 13% in its trading debut on July 9 as the healthcare sector found favour among investors.

Emerging market bond investors say they are finding little value in investment grade Chilean corporates after power transmission company Transelec continued LatAm’s lengthening run of blowouts with a $375m deal sold inside its existing — admittedly illiquid — bond.

Japan’s Accordia Golf launched its S$782m ($629m) business trust offering on July 10 with international books already close to 40% covered by anchor investors.

The Kingdom of Bahrain has mandated three banks for an international bond, according to a banker away from the deal.

Nigerian financial First City Monument Bank has postponed its debut bond plans.

Western European lenders had a rare chance to finance drawn debt this week after Germany's FGA Bank signed a €550m three year syndicated term loan.

Searing investor demand for yield has set the stage for a widely expected second visit of the year to the bond market by Greece in the wake of a series of spread busting, oversubscribed deals and auctions for sovereigns and regions in the eurozone periphery this week.

Unifin Financiera and Celulosa Arauco y Constitución (Arauco) took the visible LatAm new issue pipeline up to at least eight with roadshow announcements this week as companies from the region flock to a welcoming market.

DBS Group has opened guidance on a new senior dollar bond. Bookrunners DBS, Citi, Deutsche Bank and Goldman Sachs announced guidance for the five year bullet in the high 60s on the morning of July 9.