Morgan Stanley

China’s second largest internet security software provider, Cheetah Mobile, managed to overcome the poor secondary market performances of some of its peers by pricing a $168m New York IPO near the top of its guidance on May 8.

China Cinda Asset Management made its dollar debut on Wednesday night with a $1.5bn dual tranche bond. Although negative sentiment on China led dealers to take a cautious approach with initial guidance, the trade was able to land inside fair value after pricing tightened by 25bp.

Technology firm Alibaba Group Holdings lodged its preliminary prospectus with the US Securities and Exchange Commission to great fanfare this week, as this much-hyped business moved a step closer to listing. However, key information on the IPO — such as how big it will be — remains in scarce supply, writes Rev Hui.

Bank of Beijing picks two for jumbo float — Qingdao Port tests waters for IPO — GF Securities dispels listing rumours

Santander is making a return to the additional tier one market for the second time in two months, getting in front of any potential surge in supply that may come from other banks, including Deutsche Bank, in the subordinated market in coming sessions.

Food conglomerate BRF Brasil Foods is likely to bring a new dollar bond to market soon after announcing a tender offer for outstanding debt subject to financing on Wednesday morning.

Alibaba moved a stepped closer to its high anticipated IPO with the company filing its preliminary prospectus to the US Securities and Exchange Commission on May 6.

China Cinda Asset Management opened the books for a Reg S/ 144A dual tranche issue on Wednesday morning. Despite the complex nature of the issuer’s business, dealers are optimistic that the transaction will be able to overcome the challenges that China Orient Asset Management faced last year.

Sinochem unleashed another bond into the market less than two weeks after it raised $500m with a five year issue. This time, the Chinese state owned conglomerate is offering its sophomore dim sum with a three year transaction.

Flint Group, which makes products for the printing and packaging industries, has made final adjustments to the original issue discounts for its €1.5bn-equivalent of debt.

Bank of China Aviation printed a five year bond on Wednesday night as the issuer looks to solidify its presence in the market after it more than doubled the size of its EMTN programme last month.

Bank of Beijing’s $4bn Hong Kong IPO is picking up steam after bankers close to the trade confirmed that Goldman Sachs and Morgan Stanley were mandated to lead the transaction, which obtained approval from its board of directors only on Tuesday.