Morgan Stanley

The Republic of Indonesia has mandated three banks to work on a Samurai bond that is expected to launch later in the year.

ICBC Financial Leasing sold a 10 year note for the first time as part of a triple-tranche return to the bond market. The financial leasing company had wanted to extend its dollar curve but was also encouraged by the success of its industry rival BOC Aviation last month.

China Online Education Group is planning a US IPO of up to $100m and has filed a draft prospectus with the US Securities and Exchange Commission (SEC).

The pre-summer IPO calendar is filling up again, with some big deals, as Denmark’s privatisation of Dong Energy got formally under way on Thursday with the start of investor education.

ICBC Financial Leasing was out in the dollar bond market on Thursday, enticing bids for a Reg S/144A offering that is split into three portions.

CDH exited from Luye Pharma Group via a HK$717.96m ($92.51m) accelerated share sale on Wednesday, but the stock dropped well below the pricing level in the aftermarket.

Chinese bond issuers have suffered from declining interest from European and US investors, as concerns about the slowdown on the mainland has an impact. But with quasi-sovereign State Grid Corp of China sealing its first euro-dollar trade this week, it has demonstrated that, with the right strategy, issuers can find a way to dispel cynicism. Narae Kim reports.

BOC Aviation is set to raise at least HK$8.7bn ($1.1bn) from its Hong Kong IPO, as it looks to kick off bookbuilding next Monday with a fixed price.

Kallpa Generación, the Peruvian power generation company, will begin investor meetings today ahead of a potential debut dollar bond in what would be the first non-sovereign Peruvian new issue of 2016.

Kraft Heinz Foods printed a €1.8bn two tranche note with minimal concessions on Wednesday — a day that produced more than €7bn of primary issuance and proved that investors were hungry for variety in the sectors they buy.

A successful listing of state-owned Hidroelectrica could serve as a catalyst for further sales of state-owned assets in Romania, investors believe.

CDH is in the market to cash out of its stake in Luye Pharma Group via a block trade worth up to HK$729m ($94m).