JP Morgan

Samsung SDS priced its W1.2tr ($1.1bn) IPO at the top of the range on October 31 to become the largest South Korean IPO in years. With final books 40 times covered, the trade has paved the way for the next big South Korean listing — that of Cheil Industries, which is looking to raise W1.52tr.

China’s eHi Car Services opened books for its $140m New York IPO on November 4, with plenty of anchor support.

Shenzhen International Holdings raised $250m via a top-up placement on the evening of November 4, managing to exercise an increase option thanks to two days of wall-crossing ahead of the trade.

E-commerce firm Alibaba Group, which signed a $3bn revolving facility with four lenders on August 30, has completed a limited syndication of the financing. The facility features looser covenants than its last loan and marked the first US style revolver in Asia, said a banker on the deal.

Forterra signs $512.7m loan — CNNC Niger entity seeks extension — Chinachem clubs seven for HK$5.225bn — CNOOC refiner seals $300m

US conglomerate 3M Co visited the euro bond market on Wednesday — the latest in a string of highly rated US firms to tap what has become a very attractive market.

Ontex, the Belgian nappy maker, priced on Wednesday its €250m high yield bond at par with a 4.75% coupon, as part of a debt restructuring that made Moody’s upgrade its rating one notch to Ba3.

Carlyle Group is buying Dealogic, the financial markets data and systems provider, for an enterprise value of about $700m, in a leveraged buyout that will include some debt financing.

KfW took advantage of moves in the Australian dollar/euro basis swap to tap a January 2019 Kangaroo on Wednesday. The agency also raised £150m with a tap of a December 2017 sterling line.

Casino equipment provider GTech SpA and its subsidiary GTech Corp have completed a $2.6bn five year multicurrency revolving facility in dollars and euros.

GIC, or the Government of Singapore Investment Corp, has offloaded its entire stake in Malaysia’s Sunway Berhad making MR482m ($144.5m) in the process — more than what it had originally planned.

E-commerce giant Alibaba Group, which signed a $3bn revolving facility with four lenders on August 30, has completed a limited syndication of the financing. The facility got sealed with looser covenants than its last loan and marked the first US style revolver in Asia, said a banker on the deal.