Citi

Beijing Digital Telecom opened books for its HK$1.18bn ($153m) Hong Kong IPO on June 25. With around 40% of shares already taken by cornerstone investors, the issuer is riding on the positive sentiment surrounding the company with its deal.

Luye Pharma Group opened books for its HK$5.9bn ($764m) Hong Kong IPO on June 23 as the leads look to take advantage of the company’s strong credentials in the healthcare sector.

Pacific International Lines (PIL) met fixed income investors in Singapore this week for what will be the borrower’s debut bond if it emerges.

The Republic of the Philippines and the Republic of Indonesia are meeting investors in Europe over the next two weeks as the euro market continues to be an attractive source of funding for Asian borrowers.

UK insurer Phoenix Group started a roadshow and is expected to bring its debut bond next week. With the pipeline quiet, bankers away from the trade welcomed the deal, though warned that the lack of a credit rating would create discussion among investors.

Bayer, the German pharmaceutical and chemical company, today set a new benchmark for tight pricing in corporate hybrid capital – despite having a big funding need to pay for its $14bn acquisition of Merck’s consumer care business.

Beijing Digital Telecom opened books for its HK$1.183bn ($153m) Hong Kong IPO on Wednesday June 25, with some anchor orders coming in on the first day. With some 40% of the deal already taken on by reputed cornerstone investors, the issuer is riding on the positive sentiment surrounding the company with its deal.

Grupo Bimbo’s presence in the packaged bread market is so strong in parts of Latin America that when you want sandwich bread at a supermarket or café you ask for “pan Bimbo”. Based on Tuesday’s evidence, investors agree that Bimbo bonds are the best thing since someone thought to cut their loaves before selling them.

InRetail Shopping Malls, owner of Real Plaza shopping centres in Peru, began investor meetings in Latin America on Tuesday as it looks to sell a 144A/Reg S bond to refinance existing debt.

Chilean power generation company Colbún will begin investor meetings on Friday ahead of a possible 144A/Reg S bond, 10 months after it postponed previous bond issuance plans blaming market conditions.

Bayer, the German chemicals and pharmaceuticals firm, will issue about €3bn of hybrid capital as early as tomorrow, as part of the financing for its takeover of Merck & Co’s consumer care business.

UK insurer Phoenix Group is set to hit the road on Wednesday ahead of a debut bond deal. With the pipeline quiet, bankers away from the trade welcomed the deal, though warned that the lack of a credit rating was likely to trigger discussion among investors.