JP Morgan

CGN Power has closed books a day earlier than scheduled after seeing massive oversubscription for its HK24.52bn ($3.16bn) IPO, with pricing now likely to be done overnight.

Chinese property developers are making the most of the bullish sentiment following the recent post-rate cut to price dollar bonds.

Wereldhave on Monday set the terms of its €550m rights issue, as the Dutch property company seeks money to finance its acquisition of six shopping centres in France.

Albemarle, the US speciality chemicals company, priced a €700m ($867.32m) seven year bond on Monday to finance its acquisition of Rockwood Holding, another US company. It is the latest in a spate of US corporate issues in euros, but Albemarle paid a high premium for its debut in the currency.

Altice made a firm step towards adding to its European telecoms portfolio on Sunday, when Brazilian telco Oi accepted a raised €7.4bn offer from the French company for the Portuguese assets of Portugal Telecom.

Mobile-based social networking platform Momo’s $232m Nasdaq IPO has been met with overwhelming demand on the first day into bookbuilding, as the company’s link to Alibaba Group led to investors rushing into the deal.

Chinese property is back firmly on the menu this week two companies opened books and a second pair start roadshowing on Monday. Opportunistic borrowers piling into international bonds market to take advantage of the post-rate cut bullish sentiment.

Malaysian conglomerate MMC Corp is relisting its power arm Malakoff Corp in an IPO that could fetch over $1bn, setting the stage for a showdown between two jumbo Malaysian listings of energy companies in the first half of 2015.

Telefónica, the Spanish broadband and mobile phone company, issued an €850m hybrid bond on Thursday. The perpetual non-call five year deal was priced just 3bp outside the issuer’s curve, according to one banker, a good omen for hybrids being roadshowed by Volvo and Santos.

Burberry Group, the UK fashion house, has refinanced a £300m five year revolving credit facility.

Bank of New Zealand and Rabobank navigated a tricky senior unsecured market for financials this week, selling the only deals of the week on Monday.

United Biscuits drew a flock of lenders to the bank meeting on Friday for its £985m-equivalent loan for its acquisition by Yıldız of Turkey. Banks in particular are eager to gain a relationship with a new company in the European leveraged finance market.