JP Morgan

Alibaba Group Holding navigated every roadblock on its way to a $7bn issuance on Wednesday, sealing the second largest corporate bond from Asia after its own $8bn debut three years ago. The unexpected sell-off in tech stocks and US Treasuries posed only a small challenge to the tech giant’s debt market return, writes Addison Gong.

Lead banks have scheduled a December date for the syndication of a €3bn equivalent multicurrency loan package that is supporting PAI and British Columbia Investment Management Corporation’s leveraged buyout of bottling company Refresco.

Europe's IPO market may be winding down, with only small, niche deals still being announced, but block trades are popping. This is likely to lead to a nail-biting finish in the league table race.

Hong Kong-listed Semiconductor Manufacturing International Corp raised $969m on Tuesday from an unusual multi-tranche offering of equity and convertible perpetual bonds.

Tech giant Alibaba Group Holding is taking bids for a five-tranche transaction, putting its focus on the longer end of the curve. Hopes are high for yet another impressive deal from the Chinese firm, which last stunned the market in 2014 with the largest G3 bond on record from Asia ex-Japan.

Inmobiliaria Colonial, the Spanish property company, has raised €416m to partly finance its bid for rival Axiare Patrimonio.

In what is turning out to be a busy week for block trades, shareholders in Etalon Group, one of Russia's biggest residential property developers, are tonight selling a 10% stake in the company worth $109m, in the form of London-listed GDRs.

Biocartis, the Belgian developer of molecular diagnostics systems, has launched a €60m accelerated capital increase to finance product development, sales and marketing and the expansion of its manufacturing capacities.

As fund managers fill their pockets with corporate leveraged finance debt, borrowers like BMC Software are taking advantage of strong conditions to slash funding costs across their financial structure.

Growthpoint, the South African listed property investment holding company, has picked banks for its first public deal since 2011. Though deemed an emerging market trade because of the jurisdiction of the issuer, it also appeals to corporate or high grade funds.

India’s Lodha Developers International netted $125m on Monday from a tap of its bonds sold back in 2015, using its recent development and growth story in the London market to hook investors.

The leveraged loan market is approaching Christmas on course to beat last year’s issuance, particularly for financing of new buyouts.