Morgan Stanley

Majorcan travel services operator Hotelbeds has announced a repricing of all its loan debt, continuing a wave of margin cutting that investors have little choice but to support.

Chinese online peer-to-peer lending platform PPDAI Group has launched bookbuilding for an IPO of American Depository Shares.

China Huarong Asset Management Co started taking bids for a five tranche, dual-currency bond on Tuesday morning. It wants to become the first Chinese financial institution to sell offshore bonds after the sovereign tightened the curve with a landmark deal last week.

Tencent-backed China Literature has closed books on its red-hot HK$8.3bn ($1.1bn) Hong Kong IPO a day earlier than planned, although there was no firm price guidance from the lead banks.

Ronshine China Holdings has raised HK$1.2bn ($155.6m) after a selling a chunk of shares through a top-up placement, according to a filing with the Hong Kong Stock Exchange on Monday morning.

Sogou, the internet search arm of US-listed Sohu.com, has kicked off bookbuilding for a $585m IPO on the New York Stock Exchange.

Bankers working on the Frankfurt IPO of HelloFresh, the German meal kit delivery company backed by Rocket Internet, have revised the price range to €10.25 to €11.50, the upper half of the €9 to €11.50 initial range.

Crystal International Group raised HK$3.8bn ($489.5m) with its Hong Kong IPO after pricing the shares near the wide end of terms on Thursday.

HDFC Standard Life Insurance Co has announced a price range for its IPO, which could raise up to Rp86.9bn ($1.3bn) for its two biggest shareholders.

China Huarong Asset Management Co is gearing up a return to the offshore bond market for the third time this year. The mandate came right as China completed its first international bond in over a decade achieving a oversubscription of over 10 times.

Wind Tre, the Italian telecoms group, delivered Europe's largest ever high yield bond issue this week, a €7.3bn deal that has raised the bar for the market and led to expectations that more sponsors will follow suit amid heady investor demand.

While Verizon and Danone amassed combined order books totalling more than €22.5bn on Monday, US consumer goods company Procter & Gamble returned to the euro market somewhat under the radar for its first deal in the currency in two years.