Citi

Indian travel website MakeMyTrip priced a $126m follow-on on March 13, in a transaction that was enlarged by 22%.

Maoye International Holdings did not manage to price its debut dim sum bond this week despite leaving books open for four days. Bankers away from the trade suggest that one of the reasons the deal failed was because it didn’t secure an anchor account, raising questions about the reliance on these investors in high yield offshore renminbi bonds, writes Virginia Furness.

IDBI Bank executed a solid return to the dollar bond market on Wednesday night, pricing its 5.5 year Reg S offering just before hawkish comments from the US Federal Reserve sent Treasury yields surging.

Caribbean telecoms company Digicel sold $1bn of eight year non-call three bonds on Wednesday in a deal run off the leads’ US high yield desks as it looks to buy back up to $775m of existing debt.

Hungary built a herculean $14.5bn order book for a dual tranche dollar deal on Tuesday, which should herald a similarly strong response for other CEEMEA sovereigns planning bonds. Capital flight from Russia has moved into other CEE credits, increasing demand that was already heightened by weak supply.

Hungary has left CEEMEA sovereigns in no doubt as to the degree of demand awaiting them in the bond market. A speech from Russian president Vladimir Putin on Tuesday reassuring the world that Russia's ambitions in Ukraine extended no further than Crimea was like music to the CEEMEA bond market's ears. A sharp rally prompted Hungary to launch a dual tranche deal that drew almost $15bn from 800 accounts. Slovenia, Bulgaria and Romania, meanwhile, are in varying states of preparation ahead of their own deals.

Maoye International Holdings is yet to price its debut CNH bond which has led to market speculation that the deal has been pulled. However, bankers on the trade continue to say that books are still open.

US listed Chinese social media company YY successfully priced a $400m equity-linked deal on its second attempt to access the convertible market, by relaxing the pricing terms and following in the footsteps of Vipshop to use Asian demand to build momentum.

IDBI Bank returned to the dollar bond market on Wednesday morning, providing investors with a popular alternative to the high volume of Chinese credits seen so far this year.

The founder of online comparison website Moneysupermarket sold a £130m stake in the firm as the block market continues to see successes despite volatility.

Bulgaria has mandated three bookrunners for its next Eurobond after sending out an RFP in early February.

All has been quiet with Chinese retailer and property developer Maoye International’s debut dim sum deal as bankers hold back announcing deals amid a market filled with uncertainty. The Maoye deal had been expected to price last night, after bankers announced initial guidance yesterday morning.