JP Morgan

Zili Shao, head of China at JP Morgan, will step down from running the investment bank’s Chinese business to become vice chairman of Asia Pacific — the latest in a series of senior China moves at the bank.

Tencent printed the largest ever dollar bond for an Asian technology company on Tuesday night, and the $2.5bn three and five year dual tranche transaction was more than five times subscribed. A ratings upgrade since its last outing ensured the issuer received a good response from the US and allowed it to price comfortably inside its curve.

Union Bank of India launched its latest bond into a busy market on Tuesday, pricing with a new issue concession to help allay investors' concerns after the heavy sell-off of State Bank of India’s recent bonds.

China National Offshore Oil Corporation printed a $4bn triple-tranche bond on Wednesday night with investors flocking to the 10 year portion, which attracted a $9.4bn final order book.

Woori Bank printed the first US dollar Basel III tier two bond from a South Korean issuer on Wednesday night. A big order book helped the borrower to tighten initial guidance by 30bp, the largest margin for an Asian issuer issuing a Basel III compliant security.

Sinochem Hong Kong on Tuesday priced a $500m five year bond inside its existing curve, thanks to a trio of ratings upgrades which enabled the borrower to attract a high quality order book with a strong following by US accounts.

Numericable and Altice pulled off a funding coup this week with a €16bn synchronised high yield bond and leveraged loan deal to back their takeover of French mobile phone operator SFR, which is still months away from closing, writes Olivier Holmey.

Woori Bank opened the books for the first dollar denominated Basel III deal from a South Korean bank on Wednesday morning with a 10 year bullet tier two bond.

Tencent printed the largest ever dollar bond for an Asian technology company on Tuesday night with a $2.5bn three and five year dual tranche transaction that attracted an orderbook that was more than five times subscribed. A ratings bump since its last outing ensured the issuer got a good response from the US and allowed it price comfortable inside its curve.

Supply breeds demand. It’s an idea economists struggle with, but capital market specialists know it well. If there was any doubt, Verizon Communications proved it last year by selling a $49bn bond in one day. Far from being a struggle, the deal was many times oversubscribed.

Sinochem Hong Kong priced a $500m five year bond inside its existing curve on Tuesday night. The transaction came on the back of a trio of ratings upgrades for the issuer and was able to attract a high quality orderbook with a strong following by US accounts.

Union Bank of India launched its latest bond into a busy market yesterday, pricing with a new issue concession to help allay investors concerns after the heavy sell-off of State Bank of India’s recent bonds.