Deutsche Bank

Brazilian companies that would like to issue are likely to do so before the football World Cup begins on June 12, said DCM bankers focussed on the country after meatpacker Marfrig sold the first high yield bond of the year from the country late on Thursday.

Internet giant Alibaba Group has hired six international banks for its US IPO, which could be worth more than $20bn, according to a banker close to the trade.

Maoye International Holdings, a Chinese investment company with interests in retail and property, announced initial guidance for its debut offering in the offshore renminbi market on Monday.

Chinese technology company Baioo Family Interative has started premarketing this week for its Hong Kong listing, which could be worth up to $250m, according to a banker close to the deal.

Chinese company Giant Investment, which is taking private online game developer Giant Interactive, has picked a group of seven banks to provide it with a loan of $850m to fund the buyout.

Olam International, which is the target of a proposed acquisition by Singapore’s Temasek Holdings, is expected to launch its $1.2bn fundraising into syndication on the week of March 24.

Deutsche Bank has been given licensing rights to the Stoxx Europe Low Beta High Div 50 Index and plans to issue structured products linked to the underlying.

Indian travel website MakeMyTrip priced a $126m follow-on on March 13 in a transaction that was enlarged by 22%.

The Republic of Azerbaijan brought its long awaited debut bond to the market this week. The country launched a successful $1.25bn 10 year transaction and showed that some issuers in the CEE region have remained largely immune to rising tensions between Russia and Ukraine. But bankers are unsure whether this will still be the case after a Crimean referendum at the weekend.

Westpac this week issued its first euro denominated covered bond deal of the year and the second from an Australian issuer. The deal was only modestly oversubscribed as bank treasuries weren't interested because the bond is ineligible for liquidity buffers and repo with the European Central Bank.

A strong run of dollar issuance throughout this week is likely to continue as investors look to put money to work in a stable rate environment, according to syndicate bankers. Caisse d'Amortissement de la Dette Sociale and the European Investment Bank crowned a barnstorming week in the currency, with jumbo deals in tough maturities.

Investors in long dated senior unsecured debt appeared to have abandoned their yield targets this week, sending coupons below 3% on a Banque Fédérative du Crédit Mutuel fixed rate transaction, amid one of the busiest weeks of activity in the senior unsecured financials market this year.