Morgan Stanley

Telstra, Australia’s national telecoms company, returned to one of its most important funding markets, euro bonds, on Monday, with a smallish benchmark deal that joined the remarkable wave of deals that have achieved negative new issue premiums.

Embassy Office Parks Real Estate Investment Trust (Reit) has launched a three-day public bookbuilding for its IPO after placing nearly half of the public offer with anchor investors.

Mongolian Mining Corp announced on Monday March 18 a tender offer for its two existing dollar bonds, alongside the proposed issuance of new notes.

The management of vaccine developer CanSino Biologics has hit the road to market its IPO of up to HK$1.26bn ($161m).

Chinese online education company Koolearn Technology Holdings has launched a HK$1.83bn ($232.6m) IPO, nearly five months after it began pre-marketing.

India’s equity capital market is on edge as Embassy Office Parks Real Estate Investment Trust prepares the country’s first Reit IPO. But while the hotly-anticipated listing has global institutional investors chomping at the bit, the deal may be a one-off treat as the issuer has very few peers.

Hong Kong’s securities regulator has fined Bank of America, Morgan Stanley, Standard Chartered and UBS after investigations into the banks’ sponsorship of a series of IPOs. The Swiss bank has also had its sponsor licence revoked for a year. Jonathan Breen reports.

Dubai-based payments company Network International has kicked off investor education for its IPO on the London Stock Exchange, which is expected to value the business in the region of $3bn, according to a source close to the deal.

China’s industrial gas supplier Yingde Gases Group has launched a $300m borrowing into general syndication.

Oleg Tinkoff sold $150m worth of London-listed Global Depository Receipts in TCS Group Holding on, the Russian financial services company that controls Tinkoff Bank on Tuesday night.

The Republic of Ghana has picked banks for a bond deal and tender offer, preparing to become sub-Saharan Africa’s first sovereign issuer of the year. Benin is also believed to be eyeing a debut in the international bond market.

China’s industrial gas supplier Yingde Gases Group has launched a $300m borrowing into general syndication.