Morgan Stanley

Brazilian industrial conglomerate Votorantim is looking to buy back as much as $1.06bn of dollar bonds through tender offers for bonds issued by three subsidiaries.

Chinese state owned logistics company Sinotrans priced its second offshore renminbi bond on Tuesday with a Rmb1bn ($162m) three year issue. However, oversupply from China in the dim sum market and investor unfamiliarity meant the deal was met with a fairly quiet reception.

Bank of Ireland has brought in its funding level for lower tier two capital by more than half, launching its €750m 10 year non-call five at a level that equates to low 4%, when in only late 2012 it priced similar debt at a coupon of 10%.

Bank of Ireland is likely to hit the market Wednesday with its planned euro denominated 10 year non-call five year lower tier two transaction in what would be the first euro denominated benchmark size capital deal from an Irish bank since the crisis.

Carlos Slim’s telecoms group América Móvil sold the first global local currency bond from Latin America for over a year on Monday, overcoming the concerns of some investors about the poor liquidity in the notes.

China’s Tianhe Chemicals Group launched its HK$6.34bn ($818m) IPO on June 3 and investors are having plenty to do in order to figure the transaction out. There are no direct comparables for the Liaoning based firm.

Sinotrans returned to the offshore renminbi market on Tuesday with a three year transaction. It is the Chinese state owned logistics company’s second time issuing in CNH since its debut in 2011.

Cosmo Lady enticing investors with $200m IPO — Franshion to start PDIE for $400m hospitality spin-off — Frasers Centrepoint on the road for S$600m trust — Samsung Everland plans IPO

Matalan Finance, the parent company of British clothing retailer Matalan, announced on Friday the results of its cash tender offer for £475m of outstanding notes, a fortnight after pricing two new bonds totalling £492m.

If América Móvil can’t, no one can. That is the message from Latin American DCM bankers and bond buyers as the Mexican telco prepares to bring back local currency issuance to the region with the first reopening of its innovative títulos de crédito extranjero programme in more than a year.

Wells Fargo continued the slew of big ticket issuance from financial names with a $4.5bn deal that pushed its total dollar funding in the past six weeks beyond $8bn.