Deutsche Bank

Tencent printed the largest ever dollar bond for an Asian technology company on Tuesday night with a $2.5bn three and five year dual tranche transaction that attracted an orderbook that was more than five times subscribed. A ratings bump since its last outing ensured the issuer got a good response from the US and allowed it price comfortable inside its curve.

Korea Expressway added to week's rush of issues, pricing a three year bond on Tuesday. While it was by no means the standout deal among the likes of Sinochem and Tencent, the bond attracted a good spread of investors and performed well in secondary markets.

Supply breeds demand. It’s an idea economists struggle with, but capital market specialists know it well. If there was any doubt, Verizon Communications proved it last year by selling a $49bn bond in one day. Far from being a struggle, the deal was many times oversubscribed.

China National Overseas Oil Corporation opened the books for a three tranche transaction on Wednesday morning as the issuer embarks on its annual bond fundraising, joining a number of other Chinese state owned enterprises that have come to the market in recent weeks.

Numericable and its parent company Altice, the French cable group planning to take over mobile phone business SFR, are on the verge of closing the books on Europe's biggest ever high yield bond issue.

San Miguel Corporation’s Power Holdings looks set to return to the dollar bond market and has mandated banks to arrange a series of investor meetings.

With books more than sufficiently covered in general syndication, Indonesia’s Adira Dinamika Multi Finance is considering increasing its loan size by $100m to $300m with allocations now being determined.

Korea Expressway Corporation is back in the market with a three year transaction on Tuesday as Korean credits come out in force with mandates and new issues.

Weibo Corp’s encouraging trading debut on the Nasdaq last Thursday, which saw its stock trade up by 17.9%, was a much needed boost to Chinese technology stocks that has been hurt by a recent price correction. And mobile game developer Chukong Holdings may be well placed to capitalise on the renewed optimism having filed for a $150m Nasdaq listing one day after Weibo’s debut.

Chinese technology firm Tencent launched its first dual tranche transaction on Tuesday morning. The issue follows the establishment of a new $5bn GMTN programme by the issuer last month and is likely to raise more than $1bn sets its sights on the US investor base.

Brazilian copper company Paranapanema’s decision to wait on a new bond issue should not impede a return of new issue activity to Latin America debt markets on Tuesday, said investors on Monday.

Bank of China’s New York subsidiary entered into a memorandum of understanding (MoU) with Deutsche Bank on April 16 to expand the existing co-operation on clearing services.