Deutsche Bank

Gazprom is asking for consent to modify the terms and conditions of its £500m 5.338% loan participation notes due 2020.

Zambia has released price guidance of 9.25%-9.75% for an 11 year amortising bond, at a yield level that was the highest for a sub-Saharan African sovereign benchmark.

Bank of Communications managed to pull off a super-aggressive trade this week, pricing its $2.45bn additional tier one (AT1) offering in line with its larger peers Bank of China (BoC) and Industrial and Commercial Bank of China (ICBC). The key to that impressive feat was taking advantage of an investor base that had been starved of bank capital paper as well as higher yielding products, writes Rev Hui.

The Republic of Indonesia returned to the euro market on July 23 as it looks to extend its curve with a new 10 year offering.

Xinjiang Goldwind Science & Technology ventured into uncharted territory on July 16 issuing the maiden green bond by a Chinese issuer. While the deal is expected to be the first of many, investors were largely indifferent to the trade’s green credentials.

Three Chinese issuers came out on July 23 with new bonds. China Oilfield Services (COSL) and China Minmetals launched bookbuilding for dollar offerings, while Capital Juda started taking bids for a offshore renminbi (CNH) bond.

Banca Popolare di Vicenza, the 150 year old Italian bank, has picked three banks to lead its initial public offering in Milan.

Verallia, the French glass bottle maker, has accelerated the bookbuilding for its €1bn leveraged loan, as investors have gobbled up the acquisition debt, asking for big tickets.

Slovenia priced a €1.25bn 10 year transaction on Tuesday with only a single digit new issue premium, according to bookrunners. The thirst for duration should help encourage other European sovereigns.

Bank of Communications (BoCom) opened books on July 22 to what is the first additional tier one (AT1) transaction out of China this year, selling a dollar-denominated preference share offering. Similar to its predecessors Bank of China (BoC) and Industrial and Commercial Bank of China (ICBC), BoCom already has plenty of clarity on the book ahead of launch in spite of some aggressive price guidance.

Zhuhai Huafa Group is preparing to make its second foray into the offshore bond market, with investor meetings expected to kick off on July 23 for a renminbi offering.

Chinese companies are really taking the euro bond market in their stride this year, with Beijing Energy Investment Holdings (BEIH) adding to the record-breaking volumes with another €300m ($326m). But unlike the euro deal from state-owned peer Beijing Infrastructure a day earlier, BEIH had to rely more on anchor orders to get its deal away.