Deutsche Bank

After slipping in the first two days of this week, Alibaba Group’s shares rebounded on Wednesday to close at $90.57 per share. While this is up 3.9% on the previous day, it is still 2% lower than where the Chinese e-commerce company's stock opened on its debut on the New York Stock Exchange last week to become the largest IPO in the US.

Just a month after netting close to $400m by selling some of its stake in Indonesian retailer Matahari Department Store, CVC Capital Partners is back in the equity capital markets — this time aiming to raise $500m-$1bn by offloading a chunk Indonesian media company Link Net.

Magyar Export-Import Bank has returned to the bond market with a $500m new long five year print. But unlike the borrower's last bond excursion in 2013, the borrower this time opted to proceed without the World Bank's support in the form of a Multilateral Investment Guarantee Agency (Miga) guarantee.

A Basel III landmark was notched up this week as Bank of Communications (BoCom) became the first Chinese bank to issue without the use of an overseas entity. But despite the pioneering nature of the tier two deal, the market’s focus remains firmly on upcoming additional tier one (AT1) issuance, with some investors staying clear of BoCom in preparation for the higher yielding deals, writes Rev Hui.

It’s been a week of strong activity in India’s equity capital market, with a raft of public and private issuers gearing up to tap into the positive momentum surrounding Indian names.

Semiconductor Manufacturing International Corporation (SMIC) opened books for its debut international bond on Thursday, September 25. The Chinese company was offering investors a RegS/144A five year dollar issue.

Coal distributor Earth Energy is looking to become the first Thai borrower to issuer an offshore renminbi bond and met investors in Asia during the week of September 22 for a proposed Reg S deal.

China’s Datang Telecom Technology sold its inaugural international bond on Monday September 22. Although forces of nature delayed the launch of the unrated three year offshore renminbi issue, the deal ultimately drew a very warm response from investors.

A Japanese lender has joined the eleven leads on Tata Steel’s multi-currency jumbo fundraising and three to four more banks are expected to come in before the loan goes into general.

Synthos SA made a strong debut on Wednesday with a seven year non-call four debut offering. Rarity of supply from both the sector and from Poland buoyed investor support for the deal which offered a decent yield compared to where quasi-sovereigns are trading.

China’s Geely Automotive Holdings sold its inaugural international bond on Wednesday. Although the five year non call three dollar issue was more than seven times subscribed, the borrower stuck to a small size to in order to achieve tight pricing.

Delachaux has finalised pricing on all three tranches of its €690m-equivalent seven year term loan ‘B and has revised incurrence conditions on leverage.