Deutsche Bank

Avis Budget took advantage of strong high yield demand to open books today for a tap of its 6% March 2021 bonds.

Banco Santander Chile sold the first Kangaroo bond from a Latin American financial on Thursday, but bankers away from the trade were disappointed with the small deal size. They said the short maturity limited investor interest, though another source argued that the deal did attract a diverse order book.

Adira Dinamika Multi Finance launched its $200m facility to the market last Friday, pricing the deal at 175bp over dollar Libor — and managing to save 5bp over its previous loan.

Pork processor WH Group’s $6bn Hong Kong IPO is likely to come in April, according to a banker close to the trade.

Bank of Tokyo-Mitsubishi UFJ slotted a fifth tranche into its blow-out $4bn bond on Tuesday, adding a 30 year bond after US investors showed strong appetite for the longer tenor.

Gemdale (Asia) Investment issued a Rmb300m ($49m) tap of its existing three year bond last Friday, just three days after pricing the original deal. The tap was driven by reverse inquiry from a sole investor, although bankers away from the deal questioned the unusual move.

AIA Group amassed an $11bn order book on Tuesday for its second dual tranche dollar bond. It opened books for US investors after the Asia close and strong demand enabled it to price inside its existing Reg S bond.

Two big-name Chinese SOEs announced offerings in the offshore renminbi market on Thursday.

Investors have put in nearly €45bn of orders across three new additional tier one deals, in a week that has seen numerous records in the asset class broken. The activity was variously described by bankers as a “bonanza” with “no end in sight” for demand, causing both excitement and a tinge of bewilderment among market pros.

AIA Group amassed a mammoth orderbook of $11bn for its second dual tranche dollar offering on Tuesday. The issuer opened books for US investors after the Asia close and strong demand enabled the issuer to price inside its existing Reg S bond.

Teollisuuden Voima, the Finnish nuclear power generator, launched a blowout bond issue today that showed once again how any issuer perceived as having somewhat more risk, and therefore offering a wider spread, is attracting massive demand.

US investors Wilbur Ross and Fairfax sold 2.0756bn shares—representing 6%— in the Bank of Ireland through an accelerated book build on Tuesday.