JP Morgan

The Republic of Indonesia has returned to the dollar bond market for the third time this year for an up to $4bn deal, while eHi Car Services and Golden Wheel Tiandi Holdings are attracting high yield bids.

Luxembourg-based airport services provider, Swissport, sold €690m of high yield bonds on Thursday to fund its acquisition by Chinese private equity group HNA.

In this round-up, ANZ launches free trade units in the Shanghai FTZ, RMB deposits drop in Macau and Taiwan, ECB and PBoC complete testing of swap line, JP Morgan starts RMB money market fund transfer solution, and China might begin a RMB fund in collaboration with CEE countries. Plus, a recap of our top stories this week.

SEB Germany offered the lowest ever yield for a primary covered bond when it issued a three year public sector Pfandbrief on Tuesday. But some sort of positive return was necessary, even if it was minuscule.

CRH, the Irish building materials group, breezed through the new issue market on Wednesday with a deal of more than €1bn in euros and sterling.

The corporate dollar market ground to a halt ahead of the US Thanksgiving holiday as investors moved to risk-off mode after Vodafone pulled a deal and geopolitical tensions in the Middle East kept borrowers on the sidelines.

Swissport, the air cargo handling company, has removed the US dollar tranche from its €1bn equivalent (Sfr1.145bn) debt package for its acquisition by HNA, a Chinese private equity firm.

Rampant demand in the convertible bond market, which has produced a run of deals at very attractive terms for issuers, brought two more borrowers into the market on Wednesday with debut deals, Total and Brenntag. But the deals’ execution suggested it might be time for a breather.

Swedbank bucked a trend of issuers turning to covered bonds for funding on Thursday when it launched a five year fixed rate senior deal.

The rampant demand in the convertible bond market, which has produced a run of deals at very attractive terms for issuers, brought two more borrowers into the market today (November 25) with debut deals, Total and Brenntag. But the deals’ execution suggested it might be time for a breather.

CRH, the Irish building materials group, breezed through the bond new issue market on Wednesday with a deal of over €1bn in euros and sterling.

Swissport, the air cargo handling company, has removed the US dollar tranche from its €1bn equivalent (Sfr1.145bn) debt package for its acquisition by HNA, a Chinese private equity firm.