Deutsche Bank

Swiss consumer foods firm Hero Group raised HK$1.15bn ($148m) on Wednesday, selling its entire stake in China Huishan Dairy Holdings via subsidiary Spring Harvest.

Asia ex Japan’s second largest IPO of 2014 overcame a multitude of obstacles this week as Harbin Bank raised HK$8.67bn ($1.1bn) on March 25. As expected, however, the float priced close to the bottom of its indicative price range.

Hong Kong’s stuttering IPO market is set for a much needed boost, with Chinese technology company Baioo Family Interactive having started marketing its HK$1.84bn ($237m) flotation on Wednesday. Bankers think the deal gives investors a chance to escape some of the recent disappointments in the city.

The China-US equities pipeline is starting to heat up, after online sports lottery operator 500.com filed on Wednesday for a follow-on and a convertible bond that together could be worth as much as $480m.

Emerging market sovereigns could take a close look at the Norwegian kroner in the near future, according to syndicate bankers. The Slovak Republic recently sold its debut deal in the currency, a Nkr3.4bn ($562.8m) dual tranche trade.

The China-US equities pipeline is really starting to heat up after online sports lottery operator 500.com filed on Wednesday for a follow-on trade and a convertible bond that together could be worth as much as $480m.

Anheuser-Busch InBev, the Belgian-US brewing company, today joined the spate of large companies issuing multi-tranche deals into the present super-hot euro corporate bond market. Its deal was marked by two current trends: the popularity of floating rate notes and of 12 year bonds.

Euro benchmarks from supranational borrowers that traditionally fund in dollars could be a feature of next quarter’s market, after the Asian Development Bank impressed with its debut benchmark in euros this week.

Brazilian meatpacker Marfrig's bonds have traded up half a percentage point across the curve, according to one Latin American bond trader, after the company announced it would buy back up to $125m of its 2017s and 2021s.

The world’s largest pork processor WH Group, or formerly known as Shuanghui International, now has a record 28 banks working on its jumbo $5bn-$6bn IPO, according to bankers on the transaction.

Bank issuance from Poland and Abu Dhabi has kept CEEMEA bond supply going this week, while Mexico’s Cemex tapped the euro and dollar markets.

The $410m loan for Gallant Venture has received commitments from a group of 15 lenders so far, with more still waiting to obtain their final approvals.