Deutsche Bank

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.

Pakistan has started the roadshow for a benchmark dollar Reg S/144A sukuk — its first since 2005. Meetings start in the UAE on Monday 24, before heading to London and Singapore on Tuesday 25.

Bank of New Zealand and Rabobank sought to revive the senior unsecured market on Monday following a wobbly patch at the close of last week when syndicates pulled several deals. Both issuers took to the belly of the curve, BNZ looking for euros and Rabo dollars.

New Europe Property Investments (Nepi) is ploughing ahead with efforts to engage investors on a non-deal roadshow despite having postponed its euro-denominated bond offering after meetings held at the end of October.

The Export-Import Bank of Korea (Kexim) is set to raise Rmb1bn ($163m) from a dim sum that will be split between a three and a five year, according to bankers working on the trade.

Indian high yield issuers are really starting to make their presence felt with another two – Reliance Communications and Lodha Developers (LDPL) – planning to meet investors for what could be would be their debuts in the offshore dollar market.

The Islamic Republic of Pakistan is set to tap the offshore debt market for the second time this year and is meeting investors for a dollar sukuk, which could mark the end of the sovereign’s nine year absence from Islamic financing.

Thursday was a busy day for European investment grade corporate bonds, with €4.9bn issued in euros and sterling. But with a great deal of diversity of issuers, maturities and currencies, the market had more appetite for some than for others.

Alibaba amassed a whopping $55bn of orders from investors for its landmark $8bn deal which ranks as the biggest G3 bond from an Asian ex Japan issuer. But some investors opted to stay on the sidelines after pricing was tightened up to 27bp across the six tranches.