Credit Suisse

Del Monte Pacific has shelved the Ps17.6bn ($334.5m) IPO of its subsidiary Del Monte Philippines citing poor market conditions.

Nestlé issued Sfr1.5bn ($1.5bn) of Swiss franc bonds on Thursday. The Swiss food company proved the market is wide open for well known, high quality credits, said market participants.

Corporate bond issuers enjoyed tighter spreads and strong order books amid an improvement in issuance conditions as they jumped back into the dollar market this week.

Greece’s Hellenic Petroleum has refinanced around €900m of loans, with the energy company claiming it was able to “significantly” reduce the margin while increasing the loan amounts.

Puxin and VCredit Holdings, both of which launched IPOs earlier this week, were covered on their first day of bookbuilding.

Temasek Holdings returned to the securitization market this week after a two year hiatus to woo investors into private equity funds-backed Astrea IV. Institutional investors are already in the bag. The focus now is on winning over retail accounts — the first time such a deal has been open to the city-state’s public, writes Addison Gong.

Demand for leveraged debt in Europe is slowly recovering after weeks of heightened political volatility in the eurozone, some investors said this week.

Oman’s Bank Sohar has sent an invitation to banks to join a syndicated loan, as lenders jostle for mandates on a spate of deals in the Middle East.

Institutional investors piled into Singapore sovereign investment arm Temasek Holdings’ Astrea IV securitization, making the deal almost four times covered. All eyes are now on appetite among retail investors, as it’s the first time a private-equity backed trade is open to the public.

Vinpearl blazed a trail for the Asian equity-linked market this week as Vietnam’s first issuer of exchangeable bonds, printing a hugely successful $325m trade. But the execution was not all plain sailing, coming amid a backdrop of emerging markets angst and the disappointing IPO of a high-profile Vietnamese bank. John Loh reports.

If the financial arm of A2/A rated insurance firm AMP had debuted in Swiss francs six months ago, the moment would have passed without much remark. But as the chief executive, chairman and half its board were turfed out of the business under a cloud of disgrace, the timing caused quite a stir in the traditionally measured bond market.

Swiss telecommunications group Salt Mobile was this week looking to replace most of its debt capital structure with Sfr2.085bn-equivalent (€1.8bn) of new bonds that have weaker covenants, as the high yield market overcomes a recent bout of eurozone volatility.