Deutsche Bank

Gemdale (Asia) Investment launched a three year dim sum bond on Wednesday to refinance its existing bonds after management change at the company triggered a change of control put. Negative headwinds from China rather than the trigger meant that demand for the bond was weaker, according to bankers on the deal.

Gemdale (Asia) Investment launched a three year Dim Sum bond on Wednesday to refinance its existing bonds after an ownership change at the company triggered a change of control put. Bankers on the deal argued about whether perceptions of weak demand were down to negative economic headwinds from China rather than the CoC, however.

Kennedy Wilson Europe Real Estate, the Irish property firm, has completed its £910m London IPO having increased the size of the deal after bookbuilding began.

Germany's HeidelbergCement has slashed the margin it pays for syndicated loans, signing a new €3bn five year refinancing loan with an out of the box margin of 95bp, a 30bp reduction on the debt it is repaying.

Gemdale (Asia) Investment is out with guidance for a new dim sum bond and joins the raft of Chinese property names to have already hit the market this year.

Investors tired of the virtuous tone of Unibail’s green bond last week had a pleasant antidote today: a €1.75bn two-trancher from Philip Morris International.

Germany’s Aareal Bank is looking to tap domestic and Germanic demand for its first publicly sold tier two deal, with a roadshow starting next Monday.

Blog caught enough of last week’s Brit Awards to see James Corden introduce Beyoncé and then embarrass himself after her performance by gushing about his proximity to such celebrity. Then we saw Katy Perry do an awful impression of an English accent, presumably modelled on erstwhile husband Russell Brand. But who was covering the awards for the banking community?

Victory City International has received commitments for its HK$1.5bn ($193m) loan. While the transaction is not yet oversubscribed, more banks are set to join and there are now talks on increasing the final deal size by roughly HK$300m.

AIA Group is meeting investors in the US this week for what would be the issuer’s second dollar bond.

The list of Chinese firms eyeing up an US IPO has just gotten longer thanks to mobile game developer Chukong Tech, which is planning to raise $150m in the second half of the year, according to a banker close to the deal.

Demand for Beijing Energy’s credit enhanced $300m three year bond this week was fuelled by a rare opportunity to gain exposure to Agricultural Bank of China risk — and a growing feeling that standby letters of credit (SBLC) structures may soon by banned by the regulator.