JP Morgan

Indian high yield issuers are really starting to make their presence felt with another two – Reliance Communications and Lodha Developers (LDPL) – planning to meet investors for what could be would be their debuts in the offshore dollar market.

Cheil Industries threw open the books to its W1.52tr ($1.4bn) IPO on November 24 to much fanfare from investors, with early indications showing more than enough demand to cover the whole trade at the top of the price range. But the complexity of the company's structure, accompanied by restrictions imposed by the South Korean regulator on allocations, mean challenges still remain.

Banks invited for internet service provider Hong Kong Broadband Network's (HKBN) HK$4.5bn ($580m) triple tranche loan have asked agent JP Morgan to negotiate with the sponsor for tighter covenants.

Chile has mandated banks for a roadshow with a multibillion dual currency issue expected to follow and mark the return of Latin America’s best rated sovereign to international bond markets after a two year absence.

Alibaba amassed a whopping $55bn of orders from investors for its landmark $8bn deal which ranks as the biggest G3 bond from an Asian ex Japan issuer. But some investors opted to stay on the sidelines after pricing was tightened up to 27bp across the six tranches.

New collective action clause language used by Mexico in its latest bond issue should make sovereign restructurings much easier, said the borrower, but there is still no evidence investors will demand a premium for the changes.

Two US blue chips issued a combined €4.8bn of bonds a day apart this week, demonstrating the euro market's attractiveness to US issuers and its capacity to absorb large amounts of paper. Bankers expect more US companies to dive in soon, while the swap market remains favourable.

AT&T, the US's largest telecoms company, returned to the euro bond market on Thursday, a day after technology firm IBM, this time with a whopping €3.8bn three tranche deal.

United Internet — Vimpelcom — Geberit

Italian power utility firm Enel has decided to raise the number of shares it is selling in Endesa after finding strong demand from investors.

A short window of issuance is open for borrowers with dollar benchmarks to do ahead of the Thanksgiving holiday next week that heralds the traditional close of the market.

Yildiz Holding, the Turkish food manufacturer, has announced details of the debt package that will back its buyout of United Biscuits, in advance of a London bank meeting on Friday.