JP Morgan

The State Export-Import Bank of Ukraine is on screens for its first ever tier two bond, angling for a steep price.

Chinese infant milk formula maker Feihe has raised HK$6.7bn ($856m) from its Hong Kong IPO. Investors put in enough orders to cover the deal by multiple times at the bottom of guidance.

Chinese hotel company Huazhu Group has launched a roughly $1bn loan into general syndication, raising the money in part to help fund an acquisition of a German rival. But bankers are debating whether the borrower should be treated as a real estate company. Pan Yue reports.

Another Germany-focused real estate firm is dipping into the high yield bond market. Peach Property is launching €250m of unsecured senior notes, following a successful bond issue by Demire. While Germany is on the brink of recession, its property market keeps breaking new records.

Oil major Royal Dutch Shell hit the euro bond market on Tuesday with a three-tranche trade that had an eight year tranche as its shortest maturity, Syndicate bankers say European Central Bank bond buying is creating more demand further out along the maturity curve.

Serbia has returned to the euro market after only four months, tapping the line it opened in June this year and raising cash to refinance dollar obligations it faces in 2020.

State-owned China Petrochemical Corp (Sinopec) raised $2bn from three dollar bonds on Monday, making a rapid comeback to the debt market.

JP Morgan has bolstered coverage of India’s mid-cap companies, making three new hires to its commercial banking team in the country.

Globalworth, a Romania-headquartered real estate investment company, has secured a €200m revolving credit facility from a consortium of local and international lenders.

Skandinaviska Enskilda Banken (SEB) got away without having to pay any sort of a premium for its debut non-preferred senior bond on Monday, despite having to compete for attention with Nordic peer OP Corporate Bank.

Three Ukrainian borrowers are set to come to market for hard currency paper, perhaps as early as this week. The deals are expected to go well, as investors generally believe there is good value in Ukrainian assets.

Cellnex, the Spanish telecommunications company, has closed the books on its cash call to fund its acquisition of Arqiva's tower business, attracting huge levels of demand for shares.