Morgan Stanley

German rented housing company Deutsche Annington has syndicated a €6.25bn bridge loan for its takeover of Luxembourg-based rival Gagfah. It is the largest real estate facility since 2008, according to Dealogic, but DA may only need a fraction of the facility.

HDFC Bank’s Rp100bn ($1.62bn) share sale looks poised to be a roaring success even though the deal has yet to formally launch, with bankers on the trade saying they already have enough visibility to take the book to multiple times covered.

Export Import Bank of Korea (Kexim) returned to the Formosa bond market with a dual tranche offering this week, about a year after its debut in Taiwan. On Monday Kexim priced a Rmb300m ($48m) five year tranche at 4.05% and a Rmb500m seven year tranche at 4.20%, two sources told GlobalRMB.

HKBN, or Hong Kong Broadband Network, plans to start investor education for its IPO of around $600m from Monday, February 9, according to two bankers on the transaction. Indonesia’s Mitra Keluarga is also expected to hit the road on the same day for its own listing.

India’s HDFC Bank could launch a Rp100bn ($1.62bn) share sale soon to bolster its capital position once it secures all the regulatory approvals.

Isolux Corsán, the Spanish energy and construction firm, last night pulled its €600m initial public offering, in the first blow to what has been Europe’s strongest ECM region so far this year.

Altice on January 30 achieved a successful sale for its €4.8bn-equivalent bond package backing its takeover of Portugal Telecom.

The pace of activity in equity block trades picked up this week, even though European markets fell as often as they rose.

Bond investors are hoping for a flood of US supply in the coming weeks as companies emerge from earnings blackout following a disappointing start to the year.

Advanced Computer Solutions, the UK software and IT services provider, has widened pricing on the dollar tranches of its £498.5m acquisition loan, in response to weak market conditions in the US.

Sino-Ocean Land Holdings has finally ended the drought of Chinese property bonds with a dual tranche five and 12 year offering on January 28. But despite the success of the deal, bankers are sceptical that a wave of developers will follow in its steps.

Jasmine Broadband Internet Infrastructure Fund, a spin-off from Thailand’s Jasmine International Public Co, will start bookbuilding for institutional investors on its Bt36.67bn-Bt38.50bn ($1.12bn-$1.17bn) IPO on February 4. The retail tranche opened on Wednesday.