Deutsche Bank

Pakistan has set the final terms for its five year dollar benchmark sukuk. The deal will be between $750m and $1bn. Pricing is expected to follow on Wednesday in the early afternoon, London time.

China Development Bank’s financial arm of CDB Leasing failed to outshine on its comeback through a five year and ten year dual tranche offering on November 25 despite the status of the ultimate parent as the country’s biggest policy bank.

Books opened on Wednesday afternoon for Keppel Telecommunications & Transportation’s S$513m ($393.8m) IPO of its real estate investment trust, with books being fully covered within an hour of launch thanks to efforts by the banks to get plenty of anchor support ahead of opening.

Telekom Austria, the telephone and internet services provider, has raised over €1bn in its first capital increase since Carlos Slim’s América Móvil (AMX) acquired a majority stake in the company earlier this year.

NXP Semiconductors, the Dutch chip maker, raised $1bn on Tuesday with a convertible bond that used the call spread structure popular with US tech companies.

Ethiopia is meeting investors for its long touted dollar bond debut. The strong African growth story, diversification play and JP Morgan EMBI eligibility left bankers in no doubt that demand for the offering will be robust, but debate has already started over where the deal will be priced versus neighbouring Kenya, which is also in the market.

Banks working Pakistan’s first sukuk since 2005 opened books on November 25, even though the borrower was still on its roadshow.

Chemical manufacturer Shanghai Huayi Group sold its inaugural offshore bond on November 24, raising $350m in the process and adding to a growing list of provincial government-owned entities that is tapping the international debt market for funding.

Chinese real estate developer Logan Property Holdings launched a two-day roadshow on Tuesday as prepares its maiden dim sum bond six months after selling its inaugural international issue.

The Bailiwick of Guernsey could follow Jersey in debuting in the bond market this year, after mandating banks on Monday afternoon to run a series of investor meetings.

The recent spate of bond issuance in euros by US companies continued on Friday as Praxair, the Connecticut-based industrial gases group, sold a €500m 11 year bond with a minimal new issue premium.

Siemens Audiology Solutions, the hearing aid maker, has launched the €1.06bn bond and cov-lite loan package that will back its buyout by EQT.