JP Morgan

Bank of Communications (BoCom) opened books to a US dollars and euro denominated tier two bond on September 24. If successful, BoCom will become the first Chinese lender to issue an offshore Basel III-compliant tier two instrument without the use of an overseas entity.

Zhejiang Provincial Energy (ZPE) sold the first ever dollar bond from a provincial level Chinese state owned enterprise on Tuesday, September 23. Buoyed by ZPE’s credit strength and Zhejiang province’s strong fiscal position, the three year issue was a hit among investors and sets a solid foundation for the emergence of similar credits in the dollar market.

Japanese brewer Suntory Holdings’ chances of pricing its first dollar bond are looking good with books for a $1bn dual tranche offering already covered by Asian investors on the afternoon of September 24.

General Motors Financial Co will roadshow from Tuesday to Friday next week for its first euro bond.

Vallourec’s bond issue may have gone well today, but for the other corporate issuers in euros and sterling it was a much rougher ride. Accor launched a €150m tap and RCI Banque a £250m sterling three year – but neither managed to tighten pricing from their initial thoughts.

Keepmoat, a UK homebuilder and renovator of social housing, began meeting investors in Europe on Tuesday to prepare for a potential high yield bond debut.

Kuwait's Burgan Bank has announced final guidance for its debut additional tier one (AT1) bond. Bankers on the deal say it will be priced later this afternoon.

Zhejiang Provincial Energy Group Company (ZPE) brought out its debut international deal on Tuesday, opening books for a Reg S three year dollar bond.

Tui shrank its high yield bond return to take advantage of the tighter pricing available from retail investors, according to bankers on the deal.

Burgan Bank has finally announced initial price thoughts for its debut Basel III compliant additional tier one (AT1) deal a full two weeks after meeting investors. Bankers away from the trade say it is likely that the Kuwaiti bank was put off coming sooner by Emirates NBD’s deal's poor performance in secondary markets.

Japan’s Suntory Holdings has mandated six banks for what would be the company’s inaugural dollar deal. The brewer and distiller is looking to make a dual tranche dollar issue.

Cheil Industries, part of the Samsung Group, has filed for approval to list on the Korea Exchange, in what bankers say will be a landmark deal for the country.