JP Morgan

Hungary built a herculean $14.5bn order book for a dual tranche dollar deal on Tuesday, which should herald a similarly strong response for other CEEMEA sovereigns planning bonds. Capital flight from Russia has moved into other CEE credits, increasing demand that was already heightened by weak supply.

Mexican conglomerate Grupo Alfa, owner of two well known LatAm bond issuers Tenedora Nemak and Alpek, could sell its first dollar bond by the end of the week despite officially being on a non-deal roadshow.

Hungary has left CEEMEA sovereigns in no doubt as to the degree of demand awaiting them in the bond market. A speech from Russian president Vladimir Putin on Tuesday reassuring the world that Russia's ambitions in Ukraine extended no further than Crimea was like music to the CEEMEA bond market's ears. A sharp rally prompted Hungary to launch a dual tranche deal that drew almost $15bn from 800 accounts. Slovenia, Bulgaria and Romania, meanwhile, are in varying states of preparation ahead of their own deals.

The concept of in-house banking, or an internal division in a company that handles working capital, cash management and FX needs, is gaining traction among large, complex companies in the region.

Bulgaria has mandated three bookrunners for its next Eurobond after sending out an RFP in early February.

US listed Chinese social media company YY is back in the market with convertible bond after pulling a deal towards the end of last year, as it failed to attract enough investor interest.

Just Eat, the online takeaway ordering system, hopes to raise up to £100m through an IPO that will see it list on either the high growth or the premium listings segment of the London Stock Exchange.

Internet giant Alibaba Group has hired six international banks for its US IPO, which could be worth more than $20bn, according to a banker close to the trade.

Chinese company Giant Investment, which is taking private online game developer Giant Interactive, has picked a group of seven banks to provide it with a loan of $850m to fund the buyout.

A block trade in jewelry firm Pandora's shares on Thursday night was snapped up by investors looking to top up their holdings in the Danish company.

Olam International, which is the target of a proposed acquisition by Singapore’s Temasek Holdings, is expected to launch its $1.2bn fundraising into syndication on the week of March 24.

Indian travel website MakeMyTrip priced a $126m follow-on on March 13 in a transaction that was enlarged by 22%.