JP Morgan

Chile reaffirmed its commitment to the European bond market on Tuesday with a dual-tranche issue designed to lure the country’s companies to fund themselves on the other side of the Atlantic.

Public sector issuers underlined the strength of demand in the dollar market this week as issuers were able to get benchmarks away despite volatility in US Treasuries.

HTSC will close books on its jumbo HK$34.72bn ($4.48bn) IPO at 4pm Hong Kong time on May 21, with investors showing few signs of price sensitivity and putting the listing on course to be Asia ex-Japan’s largest IPO so far this year.

Despite last week’s high profile and galling cancellations of two IPOs, new flotations continue to move toward Europe’s equity market, and investors are showing plenty of appetite for deals they like.

A burst of block trades hit the European market today, most of which met eager demand, starting with a daytime deal to raise new capital for DCC, the Irish sales, marketing and distribution group, which is buying a French fuel business from Shell.

Illinois Tool Works, the US machinery and components maker, issued its third euro bond on Tuesday, taking what bankers away from the deal judged a “conservative” approach by selling eight and 15 year tranches.

The public sector dollar bond pipeline for Wednesday is filling up, with a series of issuers set to follow a three year dollar benchmark from the European Investment Bank on Tuesday.

Strong markets at the start of the week tempted Simon Nixon, founder of MoneySuperMarket.com, to have another go at selling a chunk of the company, less than two months after a failed attempt.

The Italian equity capital market was at the centre of a big liquidity event on Monday, May 18, thanks to CVC Capital Partners raising €203.2m from an increased sale of shares in credit information provider Cerved.

Bank of Sharjah is starting roadshow meetings for a dollar Reg S benchmark bond on May 21.

Polyus Gold has announced a consent solicitation to tweak the covenants in the documents for its $750m 5.625% 2020 bond.

Chinese brokerage house HTSC was the toast of the town as it opened books on Monday, with the HK$34.72bn ($4.48bn) IPO attracting a whopping 13 cornerstone investors that included some of Asia’s tech luminaries.