Morgan Stanley

Ping An Insurance Group has raised HK$36.8bn ($4.75bn) from a private placement of shares, with the tight pricing on the deal leading to the stock being allotted to the highest quality investors.

Banks are working on financings for several bidders looking to acquire units of cement companies Holcim and Lafarge. The two cement companies, which are looking to merge, are spinning off assets in Europe, Asia and South America. Depending on the assets being targeted, bidders are looking for financing between $800m and $6bn.

Whether or not the European Central Bank announces a programme of sovereign quantitative easing at its next meeting on Thursday or — as many analysts predict — in the first quarter of next year, eurozone countries are already taking advantage of the plummeting borrowing costs generated by the expectation of central bank action.

Chinese online travel booking company Tuniu Corp, which counts Ctrip Investment Holdings and Qihoo 360 Technology as some of its shareholders, is eyeing a $100m follow-on offering before the end of the year.

China’s largest nuclear power producer, CGN Power, has priced its IPO at the top of its range to raise HK$24.5bn ($3.2bn), thanks to overwhelming demand from institutional and retail investors. But final allocations have proved a challenge, with some bankers complaining about the lack of transparency.

Sunac China Holdings joined the procession of Chinese property companies that have come to the market since China cut borrowing rates. The company raised $400m from a five non call three year bond on December 2.

After many days in which bankers have wondered why more sellers were not bringing block trades to what are very strong equities markets, today a burst of deals hit the screens.

African Development Bank has sold its first international South African rand syndication since 1999 and may issue again in the currency before the year is out, GlobalCapital understands.

CGN Power has closed books a day earlier than scheduled after seeing massive oversubscription for its HK24.52bn ($3.16bn) IPO, with pricing now likely to be done overnight.

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.

Ping An Insurance Group has raised HK$36.8bn ($4.75bn) from a private placement of shares, with the tight pricing on the deal leading to the stock being allotted to the highest quality of investors with a long term view on the company.

Mobile-based social networking platform Momo’s $232m Nasdaq IPO has been met with overwhelming demand on the first day into bookbuilding, as the company’s link to Alibaba Group led to investors rushing into the deal.