Deutsche Bank

China’s OneSmart International Education Group opened books for its $211.9m IPO of American Depository Shares (ADS) on Monday.

Two central and eastern European corporates announced euro trades on Friday, adding to a busy pipeline of emerging markets deals.

Côte d’Ivoire took combined books of €4.8bn for its milestone dual tranche 11 and 30 year euro bond on Thursday, with investors voicing relief that the issuer had not squeezed pricing too much from the initial talk.

Bank of the Philippine Islands has firmed up the launch date and number of shares for its Ps50bn ($961.5m) rights issue.

Guarantors: Kingdom of Belgium (51%), Republic of France (46%) and Grand Duchy of Luxembourg (3%)

Corporate bond issuers who sold their deals earlier the week found execution much easier than those who came later in the week. Strong order books and single digit new issue premiums gave way to premiums of as much as 20bp and one deal having to be downsized.

Dutch supermarket operator Ahold Delhaize is becoming a frequent issuer, as it sold a dual tranche deal this week, six months after its return to the market from a five year absence.

Books closed on the IPO of Siemens Healthineers, the healthcare technology division of Siemens, on Thursday lunchtime, with the base deal valued at €3.65bn and the company at €28bn.

Vonovia, the German housing company, issued €2.1bn of bonds on Thursday to finance its €5.2bn acquisition of Austrian peer Buwog, which was announced in December.

Republic of Côte d'Ivoire was already hitting milestones with its new dual tranche euro trade on Thursday. Its 30 year offering is both the longest ever euro bond from sub-Saharan Africa, and looks set to be one of the highest yielding euro-denominated bonds from any sovereign in recent years.

Gazprom made full use of its newly regained fully investment grade status on Wednesday to raise a larger than indicated €750m, flat to its indicative curve. The deal is the issuer’s longest euro denominated bond to date.

Saudi property developer Dar Al Arkan has tightened price guidance for its sukuk, with books for the deal hitting $1.1bn.