JP Morgan

Hainan Airlines opened the books for a three year offshore renminbi transaction on Thursday, with investor demand reaching Rmb3bn ($481m) by late afternoon. The deal will be the first offshore RMB corporate bond to be listed, cleared and settled in Singapore.

China Shanshui Cement has made its debut in the syndication market, launching into general a $300m three year facility for its refinancing needs.

Noble Group, a supplier of agricultural and energy products, metals and minerals, has increased the final size of its loan to $2bn from the launch size of $1.35bn, with an impressive showing in syndication as some 40 banks joined.

Rival bankers are suggesting that the mandate for the Ukraine US-AID backed deal may be a poisoned chalice for JP Morgan and Morgan Stanley's EM bond businesses if a resurgence of Russian issuance comes sooner than is widely expected.

Yankee banks returned to the dollar fray with opportunistic trades from Barclays and Westpac, with the UK bank mirroring a recent trend in euro deals by printing a long dated bond.

Deoleo, the Spanish olive oil producer, set terms for its €600m-equivalent refinancing loan at a lender meeting on Tuesday.

Sovereign, supranational and agency issuers have been basking in the heat of rampant investor demand this week, as deals from the eurozone core to the periphery have drawn blowout books at super tight spreads. Such has been the demand that borrowers of all stripes have been able to pick their choice of currency and tenor at leisure.

Ukraine is pricing a $1bn US government guaranteed bond via JP Morgan and Morgan Stanley, according to two DCM officials away from the deal.

The Republic of Korea will meet investors next week and the week after for a proposed dollar deal, in what is set to be a record year for sovereign bond issuance in the region.

Industrial and Commercial Bank of China’s Singapore branch has opened guidance on a new 3.5 year bullet. The new deal marks the bank’s third visit to the bond market in Asia this year.

Heathrow, the UK’s largest airport, joined the opportunistic euro bond issuance spate on Tuesday and achieved an astonishing success.

Swedish steelmaker Ovako today began roadshowing a €285m high yield bond, only two days after announcing it had entered negotiations to bid for the assets of bankrupt French counterpart Ascometal.