JP Morgan

Property developer China Resources Land (CR Land) took advantage of the recent rate cut in China to tap the equity capital market for funding with a large HK$10.1bn ($1.3bn) block on May 12. Despite the encouraging result, it was not all smooth sailing for the issuer, which saw one bookrunner leave the syndicate and its bookbuilding delayed by a day.

A pair of highly rated SSAs are set to dip into dollars on Wednesday, after two issuers had contrasting fortunes in the market on Tuesday.

The pipeline for corporate bonds is swelling rapidly, with three issuers mandating for European roadshows on Tuesday, including two from the eurozone’s periphery.

The European Financial Stability Facility took several SSA bankers by surprise on Tuesday, when it mandated for a 30 year tap in an unstable euro market.

The founder and chief executive of UK serviced offices group Regus found an opportune time to pare his holdings, raising £73.5m via an accelerated bookbuild on Monday night.

Autodis, the French car parts distributor, priced a €60m tap late yesterday, pricing the deal at 103.25 to yield 5.518% to maturity.

Stable stockmarkets on Monday May 11 were enough to tempt four sellers into the evening market tonight, with trades in three stocks, including a combined offering of new and existing shares in IMCD.

Autodis, the French car parts distributor, held an investor call on Monday morning for a €60m high yield bond tap to fund a dividend and for general corporate purposes.

A pair of core eurozone agencies are set to dip into the short end of the dollar curve on Tuesday, but more issuance could come further out the curve.

Valeo Foods, the Irish food producer, has launched a €595m loan that includes a second lien tranche, to refinance debt and fund an add-on acquisition.

Solusi Tunas Pratama (STP), the Indonesian telecom tower firm, is putting its Rph3.91tr ($302.24m) share sale on ice until markets regain their composure, with bankers choosing to err on the side of caution as Indonesian equities stumble.

HTSC is testing investor appetite for an up to $4bn IPO in Hong Kong as investors continue to chase gains in China’s brokerage sector and the arbitrage opportunities between A and H-shares.