JP Morgan

Tata Power's subsidiary Khopoli Investments is making a quick return to the loan market, mandating six lenders to arrange a $300m refinancing.

More currency volatility and a shaky stock market may look scary, but the trend for foreign ownership of Chinese securities is up. Standing at just 2% of the Chinese market, further reforms can only boost the quota of Chinese equities and bonds in global portfolios, according to banks and asset managers.

The brutal sell-off that afflicted Brazilian bonds in July appears to have slowed somewhat amid the low trading volumes of August, though economic bad news and political troubles show no sign of abating.

Though this month has been one the quietest Augusts in the memory of many Latin America bankers, Peru was correct to anticipate US rate rises by issuing its first new dollar benchmark since 2010 on Tuesday, they said.

Pohjola Bank’s next capital markets issue will likely be a covered bond, meaning investors waiting for a euro tier two deal scheduled for June may have even longer to wait.

The dollar pipeline for SSAs showed no signs of closing on Thursday, as an agency mandated, a supranational printed, and bankers suggested that next week will be even busier.

The slide in the oil price this year is prompting several oil producing sovereigns, including Iraq, to rethink and bring forward their plans in the capital markets. Francesca Young reports.

An Iraq sovereign bond deal looms ever closer, but is not expected to open the floodgates for bonds from other entities from the region.

The dollar market for SSAs kept up this week’s sizzling form on Wednesday, as another issuer mandated for a benchmark — bringing the total for what is historically a quiet week to four deals.

Oversea-Chinese Banking Corporation has priced a S$500m ($356m) perpetual non call five, the bank’s first additional tier one (AT1) offering. Deal-hungry investors came in strong for the Lion City’s first AT1 in almost two years.

The Republic of Peru took advantage of a deserted primary bond market in Latin America to issue its first new dollar benchmark since 2010 on Tuesday.

A pair of public sector borrowers — including a super rare issuer in dollars — have nipped in ahead of a data laden September to bring deals this week, following the lead of Denmark’s KommuneKredit.