Credit Suisse

Tencent printed the largest ever dollar bond for an Asian technology company on Tuesday night, and the $2.5bn three and five year dual tranche transaction was more than five times subscribed. A ratings upgrade since its last outing ensured the issuer received a good response from the US and allowed it to price comfortably inside its curve.

Vista Land & Lifescapes priced the first corporate dollar bond from the Philippines this year after closing a tender offer. Despite continued strong domestic demand for its name, the issuer took the opportunity to distribute its new bond to a more international investor base.

Baosteel Group Corporation will start a series of investor meetings in the coming weeks for what will be China’s first exchangeable bond. While the roadshows will mainly be held in China, the deal — which could be worth as much as Rmb4bn ($644m) — is also being lined up for offshore investors.

Samsung Life Insurance was the subject of a sale by four shareholders on Tuesday in a W311.9bn ($300m) block that was well received by investors despite a degree of price sensitivity.

China National Offshore Oil Corporation printed a $4bn triple-tranche bond on Wednesday night with investors flocking to the 10 year portion, which attracted a $9.4bn final order book.

Peruvian agribusiness Camposol is looking to price a tap of its 2017s later in the week as traders say the market remains supportive to LatAm issuers.

China National Overseas Oil Corporation opened the books for a three tranche transaction on Wednesday morning as the issuer embarks on its annual bond fundraising, joining a number of other Chinese state owned enterprises that have come to the market in recent weeks.

Korea’s Samsung Life Insurance was the subject of a sell-off by four shareholders on Tuesday in a block trade worth W311.9bn ($300m) that was well received by investors who had a degree of price sensitivity.

San Miguel Corporation’s Power Holdings looks set to return to the dollar bond market and has mandated banks to arrange a series of investor meetings.

Chinese technology firm Tencent launched its first dual tranche transaction on Tuesday morning. The issue follows the establishment of a new $5bn GMTN programme by the issuer last month and is likely to raise more than $1bn sets its sights on the US investor base.

A turbulent market backdrop prompted by a valuation correction in the technology sector made life very difficult for Weibo Corporation as it was forced to cut the size of its IPO by 16% before pricing the $286m transaction at the bottom of guidance on April 16.

The $100m US spin-off of Leju Holdings by Chinese real estate services company E-House is set for more disappointment after bankers on the trade revealed that final pricing is likely to come at the bottom of guidance.