JP Morgan

The Asia ex Japan bond market was crowded on August 4 with Oceanwide Holdings and eHi opening books for respective dollar bonds, and Export Development Canada (EDC) and HNA Tourism opting for offshore renminbi (CNH) offerings.

Sainsbury’s Bank has shelved a sterling tier two trade following a roadshow last month.

Chinese banks now hold four of the top five spots in SNL Financial’s ranking of the world’s largest banks, while Europe’s global footprint is shrinking.

International Finance Corp (IFC) has sold the world’s first green Masala bond. The deal is only the second green bond in the Indian currency and the sixth offshore rupee trade globally.

Barbados-headquartered insurance company and financial services group Sagicor Financial Corporation is likely to price a $320m seven year non-call four bond on Tuesday, according to a syndicate banker working on the deal.

German cable company Tele Columbus is allocating a €435m leveraged loan that backs its acquisition of rival Primacom, setting outs its ambitions for consolidation in the sector.

Singapore can finally lay claim to a covered bond market after its largest bank, DBS, this week printed the country’s first deal in the asset class. The build-up was hardly plain sailing, but that did not stop DBS executing a very successful trade that will serve as a benchmark for its peers, writes Rev Hui.

It has been mooted for years but investors are finally getting their first taste of covered bonds out of Singapore with the Lion City’s largest bank DBS opening books to a dollar offering on July 29.

Agence Française de Développement sold a dollar syndication on Tuesday, but with the latest statement from the US Federal Reserve’s Federal Open Market Committee due on Wednesday further deals are unlikely this week, said SSA bankers.

Zegona Communications, an Aim-listed operating company set up to buy, fix and sell European telecoms firms, is acquiring the entirety of Telecable de Asturias for €369m.

China’s eHi Car Services and Tingyi Holding Corp will be on the road for investor meetings this week ahead of dollar and offshore renminbi (CNH) notes, respectively.

KfW was able to double its minimum target with a rare 20 year bond on Friday, using a tactic that SSA bankers away from the deal believe other issuers could follow over the summer.