Credit Suisse

Fixed income investors had plenty digest on Thursday with a total of seven Chinese issuers vying for attention. The majority are eyeing dollars but two names are venturing into offshore renminbi.

Bank of Nova Scotia has issued the first sterling fixed rate covered bond since March 2015. The positive yielding five year tenor proved a more appropriate maturity than the prevailing 2026 slot which euro issuers have crowded into and the funding was cheaper than a five year dollar covered bond.

Indiabulls Housing Finance raised Rp13.3bn ($200m) from its maiden Masala bond on Wednesday. The trade was the third public offshore rupee deal from an Indian name and more companies from different sectors are set to follow suit, reckon bankers.

Junson Development International launched a block on Wednesday evening to offload some of its stake in Longfor Properties Co for a potential HK$1.8bn ($232.1m).

China South City Holdings (CSC) raked in $200m from its Tuesday bond outing in what was a busy day of issuance in Asia’s primary debt market. The competition took a toll on the deal, as demand for the high yield property name was lacklustre.

Credit Suisse has named Brian Chin, the co-head of credit, as chief executive of global markets, replacing Tim O'Hara.

Vietnam’s Vingroup Joint Stock Company has allocated its $300m borrowing after selling the full greenshoe of $60m.

Bayer and Monsanto have moved a step closer to agreeing a multi-billion dollar merger as Bayer confirmed that the two are in advanced discussions. A takeover would include the largest loan of the year of about $65bn.

R&R Ice Cream is scheduled to launch €1bn of loans this month as its joint venture with Nestlé’s ice cream business, Froneri, nears completion.

Indiabulls Housing Finance is looking to raise a minimum of Rp10bn ($150m) from its maiden Masala bond, becoming only the third Indian corporate to seek offshore rupees in the public market.

China South City Holdings (CSC) has returned to US dollars after an absence of close to three years.

China Huarong Asset Management is preparing to return to the debt market, mandating firms for a perpetual Reg S offering.