Morgan Stanley

China National Bluestar, which raised $1bn from its maiden dollar bond last week, has reopened books to the same deal on June 4 as a result of a contractual oversight.

CMA CGM, the French container shipping company, has ditched the dollar tranche from its planned €715m-equivalent high yield bond issue and just raised €550m in euros.

Alibaba Pictures Group, the Hong Kong-listed unit of Alibaba Group, has raised HK$12.18bn ($1.57bn) from a private placement of shares, joining the flurry of companies raising fresh equity as markets remain on a high.

Hong Kong-listed Kingsoft Corp fetched HK$2.74bn ($353.43m) from an accelerated share sale on the evening of June 3, with the trade enjoying a brisk response courtesy of its Tencent and Xiaomi parentage.

Santander UK’s debut additional tier one (AT1) impressed on Wednesday, drawing £5bn of demand and lending confidence to a string of issuers looking to print before the summer amid tricky conditions.

Europe’s sunshine state may be about to default for the second time, but equity capital markets are fizzing with activity, and indices only a fraction off their post-crisis highs.

Three convertible bonds were launched in Europe on Tuesday, by British Land, steel tube maker Salzgitter and Iida Group, a Japanese condominium developer.

Spain and Council of Europe Development Bank hit the long end of the curve in euros on Tuesday ahead of a Greek debt repayment deadline later this week.

The UK government’s plans to bring its divestment of Lloyds Bank to a conclusion are taking shape, after the Conservative Party won a majority in the May 7 general election — and there may be news soon on privatising Royal Bank of Scotland.

European high yield credit has lost a key market-making banker, say sources, as Goldman Sachs has moved a big name trader to its distressed business.

China National Bluestar raised $1bn from its maiden dollar bond on May 28 as investors flocked to the state-owned chemical company’s dual tranche deal. Despite garnering almost twice as much demand for the longer dated bond, the borrower opted to raise equal amounts across the three and five year trades.

Legend Holdings, Red Star Macalline Group Corp and Shandong Weigao Orthopaedic Device Co plan to hold their respective listing hearings with the Hong Kong Stock Exchange on Thursday, June 4.