Deutsche Bank

Bank Nederlandse Gemeenten brought a 10 year dollar benchmark this week that sparked much debate about whether other issuers would be able to follow in the tenor. Although with a flurry of other trades this week, it is clear that other options are available once next week’s US Federal Reserve meeting is held.

Immofinanz sold €171m of shares in residential property developer Buwog on Wednesday night, in what a banker said was the only block trade to hit the screens before the European Central Bank monetary policy meeting on Thursday.

Hutchison China MediTech’s (Chi-Med) $100m IPO on the Nasdaq was oversubscribed three days into bookbuilding, even as bankers pinned their hopes on a select group of US funds.

Manulife US Real Estate Investment Trust (Reit) has rejigged the syndicate for its planned $400m IPO in Singapore, with JP Morgan no longer among the banks working on the deal.

Ping An Real Estate Capital, a subsidiary of Ping An Insurance Group, is hunting for $200m from the syndicated loan market.

Five banks are set to arrange a series of investor meetings in the US for the Socialist Republic of Vietnam.

State-owned oil giant Pemex became the second Mexican company to raise euro denominated debt this week, following the same strategy it took in dollars earlier in the year by focussing on the short end of the curve.

Chinese e-commerce giant Alibaba Group has mandated eight banks to run its $4bn loan, with invitations to be sent out to lenders soon.

Hutchison China MediTech’s (Chi-Med) $100m IPO on the Nasdaq has been oversubscribed three days into bookbuilding, according to sources close to the transaction.

Veolia Environnement, the French water, waste and power company, joined on Tuesday the parade of investment grade blue chip companies launching convertible bonds at attractive terms — in this case, a negative yield and very high conversion premium.

Issuers lined up to print in euros on Tuesday as a vital European Central Bank meeting loomed later in the week — but bankers were divided as to how much the flurry of deals was down to concerns over the central bank meeting.

There was a double breakthrough in dollars for public sector borrowers on Tuesday, as Bank Nederlandse Gemeenten reopened the 10 year part of the curve for core issuers for the first time in seven months and Sweden priced the tightest three year benchmark since the first week of the year.