Morgan Stanley

The Loan Market Association has recruited a trio of loan market stalwarts to its board after its AGM this week. MUFG’s Mathias Noack has retained his place as chairman.

Chinese bitcoin mining hardware manufacturer Canaan is planning a mid-July launch of its up to $2bn Hong Kong IPO, according to a banker on the trade.

Online travel service provider Tongcheng-Elong Holdings is seeking up to $900m from a listing in Hong Kong, according to a source close to the transaction.

Xiaomi has covered its whopping HK$48bn ($6.1bn) listing thanks to a strong flow of early orders, according to a book message sent out on Friday morning, a day after bookbuilding kicked off.

Spanish electricity utility Iberdrola has been one of the leading corporate issuers of green bonds and, on Thursday, it took its total green issuance to more than €7bn with its latest offering.

French toll road operator Autouroutes du Sud de la France kept up the positive tone in the IG corporate bond market with a 10 year deal on Thursday, which it was able to increase in size and price with a single digit new issue premium.

Chinese technology giant Xiaomi Corp kicked off bookbuilding for its up to HK$48bn ($6.1bn) Hong Kong IPO on Thursday, set to be the largest globally in nearly two years, after a series of twists and turns that put it firmly on the market’s radar. Jonathan Breen reports.

Mumbai-based property developer Oberoi Realty has raised Rp12bn ($176m) from a qualified institutional placement.

WuXi Biologics’ controlling shareholder has raised HK$3.96bn ($504.6m) after selling a block of shares in the company.

Smartphone and devices manufacturer Xiaomi Corp has put the China Depository Receipt (CDR) portion of its $10bn IPO on hold, opting to list in Hong Kong first.

CYBG has agreed to buy Virgin Money for £1.7bn, paving the way for a new major challenger bank on the UK high street. The combined bank will be strong in mortgages but have only £7.6bn of corporate and SME loans.

It is a mark of how far the market has come from a barren week at the end of May that not just one, but three deals, totalling €2.75bn, were priced on Friday. The European Central Bank meeting and the expectation of a deal from German pharmaceuticals company Bayer played their part in the issuers’ decisions on timing and the order books justified those choices.