Goldman Sachs

Yangtze Optical Fibre and Cable (YOFC) is looking to raise HK$1.64bn ($212m) by listing its shares in Hong Kong, and is offering its stock at a big discount to some of its closest comparables.

Korea East-West Power Company has opened books for what it looks to be the country’s last offshore bond this year. The five and half year 144A/Reg S bond had attracted an order book of $1bn by Monday afternoon.

Privately owned US-based power company ContourGlobal is preparing to issue a 144A/Reg S bond via its Peruvian subsidiary Energía Eólica, just three months after it started operations at the two largest wind farms in Peru.

New collective action clause language used by Mexico in its latest bond issue should make sovereign restructurings much easier, said the borrower, but there is still no evidence investors will demand a premium for the changes.

High-grade issuers swamped the dollar market in the early part of the week trying to get in before Alibaba’s debut $8bn offering on Thursday while expecting a deluge of M&A related financings.

Dubai Parks and Resorts, a subsidiary of Meraas Holding, has received more than enough demand to complete the institutional tranche of its initial public offering, just three days after the deal was launched and a week before the deadline for commitments.

New York-listed Autohome, an online platform for car consumers, has wrapped up its follow-on offering of $361.25m. The deal received a positive reaction from the market, with the Chinese company’s stock climbing on the last day of bookbuilding — after having declined 7.7% since launch.

Numericable completed its €4.7bn capital increase this week, bringing to an end the financing for the French cable operator’s acquisition of SFR.

China’s eHi Car Services made its debut on the New York Stock Exchange on November 18 after pricing its $120m IPO at the bottom of the range. The company’s shares then came under pressure on their trading debut, closing the day 2.5% below the issue price.

Alejandro Díaz de León, Mexico’s director of public credit, told GlobalCapital that the sovereign had opted to price a new 10 year benchmark bond on Tuesday despite having already completed its 2014 financing programme because he expects more volatility before the start of next year.

Carlyle and Cinven, which launched a block trade on Monday night to sell a 2.2% stake in Altice, the French telecoms investment group, ended up increasing the sale after finding strong, though price-sensitive, demand.

China Development Bank’s financing arm CDB Leasing is set to kick off a series of meetings with investors starting this week in Asia and Europe for a senior unsecured dollar bond issue.