HSBC

Dalian Wanda Commercial Properties has built strong momentum for its HK$29.76bn ($3.8bn) Hong Kong IPO, which launched to the market on Monday morning, bringing in 11 cornerstone investors to take up nearly $2bn of the trade. With the deal coming to the market very close to the end of the year, the presence of big-name institutions and sovereign wealth funds at the top helps support the company’s story, say bankers.

Shanghai listed textile dye maker Zhejiang Longsheng Group (Lonsen) has raised a $300m loan from a club of seven banks, said a banker on the deal.

India’s divestment plan has got off to a good start with the government offloading a 5% stake in Steel Authority of India (Sail) on Friday to raise around Rp17.15bn ($277m), in a day-long trade that was well received by both institutional and retail investors.

ICICI Bank has started taking orders for a tap to a bond it issued in September. Even though two debut Indian high yield corporates were forced to pull deals last week, as a regular in the market ICICI is not expected to struggle.

The list of provincial government-linked Chinese entities making their offshore debuts this year added a new name when Zhuhai Da Heng Qing printed a Rmb1.5bn ($244m) dim sum bond on December 4.

Constellium, the Paris-headquartered aluminium producer, launched a €535m-equivalent bond on Friday December 5, to back its plans to buy US drinks can sheet manufacturer Wise.

The Indian government has finally kicked off its divestment programme for the fiscal year, opening books for the sale of shares in Steel Authority of India Ltd (Sail) on Friday morning as it looks to add millions of dollars to its coffers.

Aluminium Corporation of China (Chalco) raised $500m with its second international bond of the year after drawing a order book that was six times covered.

Chile sold the tightest ever 10 year bond from an emerging market issuer on Wednesday although investors swapping the euro denominated deal back into dollars could have earned between 15bp-30bp by buying the euro tranche instead of a simultaneous dollar offer, said bankers.

Spie, the French engineering and communications firm, gave price guidance for its €911m loan at a London bank meeting on Monday.

British Car Auctions, the UK secondhand car seller, marketed £270m of secured leveraged loans at a bank meeting on Tuesday, as part of refinancing of its debt structure.

Volvo joined the growing group of corporate issuers of hybrid capital on Wednesday, when it priced its first hybrid bonds. The deal was popular with investors, generating €7.4bn of orders.