Deutsche Bank

Biopharmaceutical company HutchMed (China) pocketed HK$4.17bn ($537.1m) this week from its Hong Kong IPO.

Beijing Construction Engineering Group sold a tightly priced $600m bond by getting a rating for the first time, a move that made a ‘huge difference’ to the company’s fundraising.

European companies piled into the bond market on Wednesday with a variety of deals that favoured duration, as buoyant sentiment returned after being sapped by the US Federal Reserve last week.

Indian software services provider Coforge, previously known as NIIT Technologies, is seeking a loan to fund a dividend recapitalisation, joining a growing list of companies raising debt to pay a special dividend to shareholders.

LEG Immobilien, the German housing company, has mandated for its debut sustainability bond. Bond market participants expecting sizeable demand for it, despite the recent deluge of property deals.

Senior and covered bond plans were flowing into the deal pipeline on Monday, with issuers keen to buck the softer tone and print before the start of the summer break.

Biopharmaceutical company HutchMed (China) kicked off the roadshow for its HK$4.68bn ($602.7m) Hong Kong IPO on Friday, placing more than half of the shares in its third listing with cornerstone investors.

Hybrids and crossover rated corporate bond issuers hit screens this week, as the thirst for yield returned to the European market.

Office owners and operators found a warm reception in the high grade corporate bond market this week, with investors and analysts growing increasingly bullish on the sector despite the risks it faces.

Heimstaden Bostad, the Swedish housing company, had a trickier time in the market with its hybrid capital issue on Thursday than Poste Italiane had a day earlier, suggesting that there is still some sectoral sensitivity among yield-hungry corporate bond buyers.

Bank Julius Baer, the operating company of the private Swiss bank, took an unusual approach for its debut euro issue this week as it raised €500m of senior funding with the yield set at 0% from the outset.

Naturgy Energy, the Spanish gas and electricity utility, has doubled the size of its revolving credit facility in an amend and extend exercise, the latest demonstration that the balance of power in the loan market remains firmly on the side of the borrowers.