Morgan Stanley

The Hong Kong IPO market was off to a busy week, with Dalian Wanda Commercial Properties and Linekong Interactive rushing to complete chunky deals before the markets break for Christmas. But the flood of activity also left one victim in its wake, as M800 chose to delay bookbuilding until January rather than compete with its rivals for investor attention.

Alibaba-backed dating app Momo, which has been forced to defend itself against allegations of misconduct levied at its CEO, has priced its $216m Nasdaq IPO in the middle of the range.

China Orient Asset Management has opened books for a tap to a dual trancher it issued in August, when the borrower made a stellar return to dollars with the five and 10 year issue.

Morgan Stanley has appointed Richard Chen and Jing Qian as co-heads of its investment banking business in China in a move to bolster leadership in a country that has seen a record high IB fees this year.

The Egyptian General Petroleum Corp is seeking a three year term loan for $1.5bn, the first syndicated loan it has obtained with local and foreign banks since 2010, said a banker on the deal.

Daimler-backed carmaker BAIC Motor capped a busy Monday for the Hong Kong equity capital markets and its first day of bookbuilding with a HK$12.15bn ($1.57bn) IPO that had secured enough demand from cornerstone and anchor investors to cover the book in full. Investors flocked to the listing after seeing that the company was willing to price at a decent range.

Jasmine Broadband Internet Infrastructure Fund has again postponed its Bt38.5bn ($1.2bn) IPO after approvals from the regulator came later than expected.

Constellium, the Paris-headquartered aluminium producer, launched a €535m-equivalent bond on Friday December 5, to back its plans to buy US drinks can sheet manufacturer Wise.

Royal Bank of Scotland subsidiary Citizens Bank scored a hit on its senior debt issuance debut amid strong supply from the US financial sector this week.

Altice made a firm step towards adding to its European telecoms portfolio on Sunday, when Brazilian telco Oi accepted a raised €7.4bn offer from the French company for the Portuguese assets of Portugal Telecom.

Medtronic grabbed the record for the biggest high grade corporate bond issue of 2014 this week, as investors returned from their Thanksgiving breaks keen to put cash to work in one of the busiest weeks of the year.

The African Development Bank has returned to the offshore South African rand bond market after 15 years away and is looking to enter the currency’s onshore market, as its typical forms of funding in the region have dried up.