JP Morgan

Future Land Holdings priced its second dollar offering on Monday after receiving reverse enquiry from large institutional investors. Improved sentiment towards the Chinese property sector, as well a strong demand for high yielding instruments, resulted in an order book nearly nine times subscribed.

Mobile phone company Xiaomi HK is back in the market for its second attempt at a syndication, this time for a jumbo financing of $1bn via two tranches.

Royal Mail Group, the UK national postal service that was controversially privatised last year, finished the roadshow on Tuesday this week for its first bond issue.

E-commerce giant Alibaba revealed on July 11 that it now values itself at $130bn, up from $117bn in June, as yet more information is unveiled by the Chinese firm ahead of an upcoming listing.

Modernland Realty could be the first Indonesian name in the dollar market since last week’s still-undecided presidential elections. The borrower has launched an exchange offer for its outstanding 2016s and plans to issue a new five year dollar bond.

Greenko Dutch, a subsidiary of Greenko Group, a key player in the Indian green energy sector, is looking to issue a Reg S/144A dollar bond. If successful, the deal will be the borrower’s first in international markets and comes on the back of a favourable government budget for India’s fledgling renewable energy sector.

Future Land Holdings is out in the market with a new dollar bond less than a week after fellow high yield real estate company, Times Property Holdings, completed a dollar offering. Bankers hope that appetite for junk-rated property names is returning.

Chilean telecoms company Entel will meet investors from Monday to Wednesday ahead of a planned 144A/Reg S bond of up to $800m.

Caribbean sovereign Dominican Republic showed that demand remains strong at the long end of the curve the curve in Latin American bond markets on Friday, adding $250m to its 2044s issued in April and trading well above par.

Greece braved the furore surrounding Banco Espírito Santo this week to print its second deal since receiving a bailout in 2010. But the trade fell short of some bankers’ expectations — both in volume and maturity — and some worried that the politically driven rigidity of the sovereign’s funding strategy could come back to bite it if there is similar volatility when it next comes to the market, most likely a seven year bond later this year, writes Craig McGlashan.

Europe’s corporate bond market was knocked sideways on Thursday by a gust of fear about peripheral Europe, after problems deepened at Portugal's Banco Espírito Santo. The market has not shut down, but ACS, the Spanish construction company, pulled a deal and no issuer managed to price tighter than its initial thoughts.

Dutch insurer NN Group followed up a successful flotation — at $2.1bn, the largest IPO from a European entity this year — with a perpetual subordinated deal on Tuesday. Some bankers away from the deal were critical of it for failing to draw as large an order book as the issuer’s last offering.