Morgan Stanley

Three shareholders in Luye Pharma Group have raised a collective HK$775.6m ($100m) by selling some of their shares in the company, which made its debut on the Hong Kong Stock Exchange in July last year. Books for the block only remained open for an hour, but that was long enough for the deal to be multiple times covered despite the stock being offered at a very tight discount.

Thailand’s Jasmine Broadband Internet Infrastructure Fund expects to re-open books on its Bt36.67bn-Bt38.50bn ($1.12bn-$1.17bn) IPO in the first week of February and list before Chinese New Year, which falls on February 19.

Investment grade corporate bond issuance soared on Wednesday with a €1.75bn ($2.03bn) dual tranche deal from Toyota Motor Credit; benchmark bonds from Iberdrola and Evonik; and debuts from US Reit WP Carey, and UK charity the Wellcome Trust. In total, €4bn of bonds were issued.

Bank of America Merrill Lynch, JP Morgan and Morgan Stanley traded on Wednesday evening a block of shares in Spire Healthcare Group, the UK private hospital company.

Dutch cable company Ziggo accelerated its €730m-equivalent dual currency bond and priced it today, after its sister company Virgin Media had yesterday priced tighter than guidance the first bond of a restructuring plan involving four Liberty Global cable subsidiaries.

China Railway Signal & Communication Corp (CRSC), which helps to develop and control the country's railways industry, is seeking a Hong Kong IPO worth $1.5bn-$2bn in the middle of this year, with confidence already high that the response from the market will be more than positive.

SSA bankers lauded Portugal on the timing and execution of a dual tranche benchmark deal on Tuesday, as investors ploughed into the offering. Elsewhere, Spain revealed its syndication plans for 2015 and Italy broke records at the long end of the curve.

Mexico reaffirmed its status as one of the best EM borrowers on Monday after raising $2bn of new money and refinancing a further $2bn through an ambitious dual-tranche switch trade on another rocky day for markets.

After the extraordinary fireworks of Santander’s €7.5bn block trade on Thursday January 8, the year’s more workaday business in European equity capital markets began in earnest on Monday, as five IPOs were launched.

BMW priced €1.5bn of bonds on Friday, split evenly between five and 10 year tranches, following the slightly lower rated German car maker Volkswagen’s three tranche deal on Thursday.

HDFC Bank is moving ahead with plans to raise Rs100bn ($1.58bn) in a bid to improve its capital position, after it picked four banks to lead the share sale.

US chemicals producer Angus Chemicals will hold a bank meeting in London on Thursday for the first leveraged loan of the year, a $505m-equivalent cross-border deal that backs its buyout by Golden Gate Capital. It could benefit from a technical opportunity in the European market.