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Al Hilal’s additional tier one perpetual sukuk drew big demand on Tuesday and set a template for further deals of its kind. Not everyone was convinced that the aggressive price compensated for what was essentially equity risk, but while the doubters may rue missing out this time, investors should carefully heed the warnings they have raised.

United Arab Emirates bank Al Hilal reopened the region’s dollar tier one market this week with an aggressively priced debut $500m perpetual sukuk — the first of its kind in the market for over a year, and at one of the tightest ever yields.

Greenland Global Investment on Wednesday became the first issuer to price a bond with a cross border guarantee under China’s recently revised rules. But discrepancies over the most relevant comparables meant that not everyone was confident that pricing came at the right level.

EMTN private placement activity has slowed since the European Central Bank cut rates on June 5, but flows are beginning to pick up as European investors and bankers adjust to the new environment and Japanese investors pick up their private placement activity.

UK insurer Aviva and French bank BPCE are out with euro denominated tier two deals on Thursday as the FIG market recovers from a slight sell-off following the shock revision of US first quarter GDP figures showing a 2.9% contraction.

Bankers have opened Zhongyu Gas Holdings’ $150m loan into syndication, pricing it at 313bp over dollar Libor.

Philippine shopping mall operator SM Prime, which gained six new mandated lead arrangers and bookrunners at the end of May for its $300m loan, is planning to close the deal as a club, thanks to a strong response at the top level.

1MDB sets eyes on $2.5bn — Citic in $1bn pricing talks — Agile out with HK$2.665bn — Delta Dunia spins $150m — REC lights up $100m — Springland shops for $250m — CMB Leasing throws open $150m

The Republic of the Philippines and the Republic of Indonesia are meeting investors in Europe over the next two weeks as the euro market continues to be an attractive source of funding for Asian borrowers.

Krungthai Bank (KTB) issued Thailand’s first ever dollar denominated Basel III instrument on Thursday June 19. Despite the country's political turmoil in the background, KTB’s bond was met with a strong response from investors. As a result, the issuer increased the size of the bond to accommodate the demand.

Swiss commodity trader Mercuria Energy Trading has roared past its refinancing target to sign a $2.65bn syndicated loan.

Hang Seng Bank (China) issued its inaugural bond in international markets on Wednesday, printing a Rmb1bn ($162m) three year. Fueled by rarity value and the issuer’s solid reputation, pricing for the trade landed well inside of a quasi sovereign comparable.