Credit Suisse

Institutional investors that acquired vanilla options on sterling against the US dollar ahead of the Verizon-Vodafone deal that took place on February 21 have moved to sell the instruments back into the market due to a lack of volatility in the currency pair.

Mota-Engil, the Portuguese construction firm, sold 34.3m new shares in an accelerated bookbuild on Tuesday night in a deal designed to increase the company’s share capital and market visibility.

Lenta narrowed guidance on its $1bn IPO on Wednesday, having seen wide-spread demand for the deal as investors seek the latest exposure to the consumer retail sector.

Gemdale (Asia) Investment launched a three year dim sum bond on Wednesday to refinance its existing bonds after management change at the company triggered a change of control put. Negative headwinds from China rather than the trigger meant that demand for the bond was weaker, according to bankers on the deal.

Hanhua Financial Holding has appointed two cornerstone investors and started the roadshow for its $367m debut on the Hong Kong exchange today.

ECM bankers are waiting on tenterhooks for the launch of a London IPO for Detsky Mir, the Russian children’s goods retail chain, after the company reported a 30% year on year increase in its revenue over 2013.

Gemdale (Asia) Investment is out with guidance for a new dim sum bond and joins the raft of Chinese property names to have already hit the market this year.

BP received a warm welcome on its return to the Swiss franc bond market after a five year absence on Tuesday. Demand proved plentiful for the UK oil company's Sfr500m dual tranche issue, even though falling interest rates left its yield looking meagre.

Chinese genomics company BGI plans a $400m IPO before the end of the year and Malaysian Icon Offshore mandates three banks for $137m debut in the first half.

The list of Chinese firms eyeing up an US IPO has just gotten longer thanks to mobile game developer Chukong Tech, which is planning to raise $150m in the second half of the year, according to a banker close to the deal.

Banco Comercial Português’ successful return to the euro senior unsecured market was driven more by renewed demand for its name than a hunt for yield, said lead managers, in a week where the only fresh paper issued carried a sub-investment grade rating.

Corporate bond issuance is set to get busier again in Europe next week, bankers say, with a drive-by deal also possible on Friday.