Citi

The market for European financial institutions' subordinated debt took off on Thursday, defying expectations that the holiday in Europe would put a damper on issuance for the week, as Legal & General, Société Générale and Coventry Building Society came to market with deals.

Citi's Asia debt capital markets team has always taken great pains to stress it is no mere volume shop that favours market share over profitability. But you could be forgiven for thinking the bank has thrown such objections out of the window this year. For the first six months of 2014 Citi has been vying with HSBC for the top spot in the G3 Asia Pacific ex Japan DCM league table.

Taiwanese circuit board manufacturer Zhen Ding Technology Holding (ZDT) raised $300m on June 18, finding better terms than when it made its equity-linked debut two years ago.

Noble Group this week priced the latest in a series of corporate hybrids from Asian issuers, bringing a $350m perpetual non call five. The global supply chain company was refinancing its existing perp after the triggering of an early redemption event in April last year. But although the bold move sparked controversy and enraged some investors, the issuer was able to tap into a new group of buyers and get cheaper funding, writes Isabella Zhong.

Alibaba revealed the identities of its much-hyped 27-person partnership on Monday, as the pieces finally start to come together for what is one of the most keenly anticipated IPOs of the year.

Property developer Yida China Holdings launched bookbuilding for its HK$1.68bn ($217m) IPO on Monday as it aims to list by the end of the month.

Citi has recruited from within its ranks to replace former head of corporate and investment banking for Asia Pacific, Farhan Faruqui, who last month left the bank for ANZ after 23 years.

Alstom Auxiliary Components has widened the price guidance on the second lien tranche of its €630m-equivalent loan, a week after offering more spread on its first lien term loan 'B' to attract lenders.

Abertis Infraestructuras, the motorways, airports and broadcasting infrastructure group, on Tuesday became the second Spanish company to take advantage of the recent rally in peripheral spreads by issuing a corporate bond.

Far East Horizon (FEH) printed Asia’s second dollar corporate hybrid in less than a week on Tuesday. With investors thirsty for yield in the current low rate environment, the small sized print had attracted a mind boggling order book that allowed the issuer to aggressively tighten final pricing to well under expectations.

E-commerce giant Alibaba revealed the identities of its much-hyped 27-person partnership on June 16 as the pieces are finally starting to come together for one of the most hotly anticipated IPOs of the year.

Alstom Auxiliary Components is raising the margin on the second lien tranche of its €630m-equivalent facility after repricing its first lien to pay 50bp more than the top end of its price guidance.