Morgan Stanley

State Grid Corporation of China launched a triple tranche $3.5bn deal on Monday. While the 10 and 30 year tranches priced inside the curve of China National Offshore Oil Corporation (CNOOC), the deal nonetheless suffered from investor fatigue as the market struggled to digest the $9.5bn already raised by Chinese state owned enterprises this month.

WH Group's ill-starred attempt at an IPO finally came to a crunching halt on Tuesday night, as the issuer pulled the plug on its HK$14.6bn ($1.9bn) deal, blaming market conditions. Despite the high profile of the deal, bankers are confident that the pipeline can withstand the failure. But that did not stop a furious debate as to why the deal had collapsed.

China’s second largest internet security software provider, Cheetah Mobile, has reduced the potential size of its New York IPO by one third and is now looking to raise only $200m amid volatility in the technology sector.

Doosan Infracore International (DII) and Doosan Holdings Europe (DHEL), part of South Korean conglomerate Doosan Group, are seeking a $1.3bn senior secured term loan from the US market.

Moroccan phosphate group OCP has tapped the $300m 30 year notes it sold a fortnight ago for a further $300m, bringing the total deal size to $600m. The book for the deal reached over $1bn as investors enthusiastically bought more of the note that had tightened around 50bp in yield terms since pricing.

The likelihood of Taiwan’s Bank SinoPac being forced to unwind its US dollar, offshore China yuan target redemption forward positions rose yesterday as the country’s financial regulator banned the firm from issuing further notes.

What was supposed to be the largest Hong Kong IPO of 2014 ended in acrimony on Tuesday night as WH Group ended its sorry journey to market by postponing its HK$14.6bn ($1.9bn) listing.

China Cinda Asset Management is seeking its first dollar bond as it meets investors this week and next. It is the second Chinese bad debt management firm to hit the market after China Orient Asset Management issued $600m last September.

Flint Group, which makes products and supplies for the printing and packaging industries, has set an original issue discount of 99.50 on its €1.55bn-equivalent debt package as Thursday’s commitment deadline for the deal approaches.

Brazilian meatpacker Marfrig will buy back $130m of its bonds due 2017 and 2021s after investors tendered far more paper than the maximum amount the company was prepared to repurchase overall.

China’s second largest internet security software provider, Cheetah Mobile, has reduced the potential size of its New York IPO by one third and is now looking to raise only $200m amid volatility in the technology sector.

Doosan Infracore International (DII) and Doosan Holdings Europe (DHEL), part of South Korean conglomerate Doosan Group, are seeking a $1.3bn senior secured term loan from the US market.