JP Morgan

Huatai Securities, the Chinese brokerage, has set a price for the sale of global depositary receipts on the London Stock Exchange, the first deal under the new London-Shanghai Connect programme.

Volkswagen surprised the equity capital markets on Friday by setting a range on the IPO of its trucks division, Traton, a few days earlier than most in the market had expected. But the deal has already gained strong investor interest.

Budweiser Brewing Company Apac, the Asia Pacific arm of Belgian brewer AB InBev, has put the wheels in motion for a float of up to $10bn on the Hong Kong Stock Exchange.

With equities in green, Thursday was a fair sailing day for corporate bond issues in Europe, and five issuers took advantage, including two French names and two Swedish. Demand was strong and terms tight.

Iceland returned to the euro market on Thursday, bringing a €500m five year issue in its first outing since December 2017.

The Inter-American Development Bank this week capitalised on a dearth of supply at the 10 year point of the curve to print its second dollar benchmark of the year.

Three SSA borrowers issued a total of £200m ($255m) of medium-term notes in response to an inquiry for three year non-call one fixed rate sterling bonds on Tuesday — which probably all sold to the same buyer — amid an uptick of paper in the currency.

After establishing itself as a top three player in European investment banking, Citi is now making an ambitious push for the summit in its home market, writes David Rothnie.

Georgian TBC Bank printed its long-awaited $300m five year bond on Wednesday from a book of over $700m.

JP Morgan has made changes to its senior investment banking teams in Asia Pacific.

The long-awaited London-Shanghai Stock Connect faced its first test this week as Huatai Securities went on the road with its sale of global depository receipts (GDRs) on the London Stock Exchange. More issuers could follow as mainland investors hunt for opportunities to use their offshore capital, said market participants. Jonathan Breen and Aidan Gregory report.

The Republic of Korea issued a dual-tranche dollar bond on Wednesday, with the shorter dated portion carrying a green and sustainability label.