JP Morgan

Abu Dhabi Commercial Bank closed the Middle East's first FIG deal of 2014 this week, pricing a $750m bond flat to its secondary curve. Bankers both off and on the deal had doubted how much international interest there would be given how tight Middle East spreads are relative to the rest of the CEEMEA market. But the final order book left no doubt about demand for the region in the face of EM uncertainty.

Chinese auto-dealer Sunfonda Group Holdings is pulling out all the stops to hook investors into its HK$683m ($88m) IPO, offering shares at a steep discount to its industry peers. Books opened on Thursday and bankers are confident the transaction will be a hit.

Mexican microfinance company Crédito Real may make a second attempt at an international bond issue as a part of a liability management exercise, but LatAm banks remain starved of supply despite claiming conditions are ripe for a blue chip issuer to lift issuance volumes.

Oberthur Technologies, the French smart card maker, is seeking to take advantage of improved market conditions by refinancing €465m-equivalent of loans, only five months after raising the debt.

Russian Railways opened books on a nine year euro bond on Thursday morning, after waiting four weeks from the end its roadshow to start execution. After such a long wait the choice of market window surprised some debt bankers away from the deal.

A £100m 2019 guaranteed convertible bond from UK property firm St Modwen Properties tapped into investors demand for equity-linked paper on Wednesday, with accounts flocking to the deal despite its diminutive size.

UK biotech firm Circassia began bookbuilding on its £210m IPO on Wednesday morning, after a longer than expected wait.

Lenders received invitations on Monday to a $1.4bn term loan for UK medical equipment firm Smith & Nephew's acquisition of US medical devices company ArthroCare.

Gazprombank drew over four times the demand it needed for a $750m bond on Tuesday, finding investors' appetite undiminished despite a rating agency report warning of Russian banks’ exposures to Ukraine, where tensions continue to escalate.

Lenta narrowed guidance on its $1bn IPO on Wednesday, having seen wide-spread demand for the deal as investors seek the latest exposure to the consumer retail sector.

Scandinavian Airlines (SAS), the Swedish firm which recently faced bankruptcy, raised Skr1.6bn through a 2019 convertible bond on Tuesday, proving to be a vastly different prospect to another issuer from the region that completed a deal just hours before. The deal brings the company’s wide-ranging restructuring close to an end.

ECM bankers are waiting on tenterhooks for the launch of a London IPO for Detsky Mir, the Russian children’s goods retail chain, after the company reported a 30% year on year increase in its revenue over 2013.