Deutsche Bank

Chinese provincial lender Harbin Bank started the premarketing process for a $1bn Hong Kong IPO on Thursday, just days after JP Morgan pulled out of the deal.

Grupo Antolin-Irausa, the Spanish car parts maker, has picked a quieter week for its debut high yield issue after last week’s deal flurry. The family-owned company wants to sell €400m of senior secured bonds alongside a new credit facility.

Online retailer Vipshop Holdings got a rousing reception for its debut in the equity-linked market on Wednesday, raising $550m from an enlarged five year non put three convertible bond as investors remain hooked on the China tech story.

Franshion Properties is out in the market with a new five year bond. Dealers announced initial price guidance at 5.875% area on Wednesday morning for the dollar benchmark.

Indonesian power company has closed the limited syndication phase of its $1.127bn loan, which saw two commitments come in during general. But four additional lenders expected to join when GlobalCapital Asia last reported on the transaction have ditched the deal, according to a banker.

Energie Baden-Wuerttemberg launched a corker of a hybrid capital issue on Tuesday, raising €1bn to bolster the subordinated layer of its capital structure at blisteringly tight pricing, thanks to perfect timing after a drought of issuance.

The Republic of Azerbaijan’s debut deal was trading up on Tuesday morning after the sovereign attracted a respectable $3.25bn order book for its $1.25bn 10 year transaction. Analysts felt the final price was fair to tight, but in an environment of meagre supply buyers are happy to pay for rarity and a strong credit story.

Indian travel website MakeMyTrip is marketing a follow-on deal worth up to $115m this week, comprising both primary and secondary shares, with a view to pricing the trade by Friday.

Strong balance sheets are ensuring a rapid growth of trade finance supply by regional players

Energie Baden-Wuerttemberg, the German electricity and gas supplier, is set to issue its second hybrid capital bond on Tuesday, after holding a conference call with investors on Monday.

Deutsche Bahn, the German state railway company, launched its first euro bond of the year on Monday, into an empty but slightly weakening market – often considered ideal conditions for this ultra-safe credit. It was rewarded with strong demand, especially from Asia.

The senior unsecured market started with a bang on Monday, despite the European market softening late on Friday.