JP Morgan

Export-Import Bank of Korea (Kexim) has mandated seven banks to work on its return to the dollar bond market which could be as early as this week.

Lifestyle International Holdings is out with what will be the first outing to the international bond market in almost three years.

Rating: Aaa/AAA/-

High grade borrowers are set to pull the trigger on a slew of refinancings and M&A deals after the Federal Reserve took a big step closer to its first interest rate rise since 2006 following the conclusion of a two day meeting in Washington on June 17.

Comments from US Federal Reserve chair Janet Yellen this week have fuelled expectations of a rate rise this year — but dollars should remain more attractive for issuance than euros.

TI Automotive, the UK car parts maker being bought by Bain Capital, rushed from Monday’s London bank meeting to New York to build support for a €1.07bn-equivalent acquisition loan. Bonds will follow later.

Douglas Holding, the German perfumery chain, enlivened the leveraged loan market this week, launching a €1bn deal that will contribute to its buyout by CVC.

Archer Daniels Midland, the US food processing and commodities trading company, ended a fallow patch in the corporate bond market on Wednesday, making its debut in the euro market with a dual tranche deal.

Douglas Holding, the German perfumery chain, received a favourable initial response from investors at its Wednesday bank meeting as it launched the €1bn loan portion of its buyout debt.

Nasdaq-listed Ctrip.com International has opened books on a $1bn dual tranche convertible bond, split into a five put three and a 10 put five, sole bookrun by JP Morgan.

Canadian insurance company and financial services provider Manulife Financial Corp started drumming up interest for its $400m real estate investment trust (Reit) IPO in Singapore on June 15, paving the way for a number of firsts for the city-state — the first sizeable listing this year, the first Reit IPO in 2015, as well as the first Reit with US assets.

Mexican hotel operator Grupo Posadas has picked banks for a roadshow in Europe and the US.