JP Morgan

Strong demand from European investors allowed Intralot, the Greek gambling products and services provider, to increase its high yield bond to €250m today and close the books ahead of schedule.

Bank of Ireland is set to sell its third senior unsecured benchmark since the financial crisis on Wednesday, choosing a three year deal. Meanwhile, La Caixa has drawn a strong response for a euro benchmark senior unsecured of its own.

State Grid Corporation of China launched a triple tranche $3.5bn deal on Monday. While the 10 and 30 year tranches priced inside the curve of China National Offshore Oil Corporation (CNOOC), the deal nonetheless suffered from investor fatigue as the market struggled to digest the $9.5bn already raised by Chinese state owned enterprises this month.

China’s second largest internet security software provider, Cheetah Mobile, has reduced the potential size of its New York IPO by one third and is now looking to raise only $200m amid volatility in the technology sector.

Doosan Infracore International (DII) and Doosan Holdings Europe (DHEL), part of South Korean conglomerate Doosan Group, are seeking a $1.3bn senior secured term loan from the US market.

Korea Land & Housing Corp opted for an innovative 3.25 year tenor for its new bond in a bid to offer investors a pick-up over recent three year paper from Korean SOEs and to stand out in a month that has seen record levels of issuance.

Book sizes in LatAm bonds have subsided from pre-Easter highs but Chilean woodboard producer Masisa showed that the high yield market is still open for new borrowers as the market tightened again on Monday after a poor end to last week.

Premium Credit, a UK company that specialises in lending to businesses and individuals to finance insurance premiums, is issuing £200m of senior notes, in the latest example of a financial services firm turning to the high yield bond market.

Gazprom is meeting investors in Asia on a non-deal roadshow, according to a source close to the company. Deutsche Bank and JP Morgan are understood to be organizing the meetings, but a source familiar with the situation said that it was too soon for a mandate to be considered as confirmed.

Portuguese lender Banco Espírito Santo is set to continue the success of periphery bank deals on Monday, looking to appeal to investors on the hunt for yield with a three year deal.

Chinese property developer Country Garden Holdings is meeting with investors for a proposed Reg S/144A dollar transaction.

China’s second largest internet security software provider, Cheetah Mobile, has reduced the potential size of its New York IPO by one third and is now looking to raise only $200m amid volatility in the technology sector.