Morgan Stanley

IFC Development could make its first appearance in euros this week, with bankers expecting the borrower to launch a three year deal following a successful roadshow in Europe.

The recent decline of renminbi against the U.S. dollar could see holders of target redemption forwards lose money and lead to the unwinding of some trades.

Agile Property Holdings' debut offshore renminbi bond put in a strong performance, with an order book of more than Rmb5bn ($820m), despite investors in the dim sum market becoming more discerning. The borrower also managed to save 125bp compared to its dollar funding levels.

Suez Environnement raised €350m through a convertible bond on Monday, with investors leaping on the now rare opportunity to buy an investment grade equity-linked deal.

China Aluminium International Engineering (Chalieco) priced its debut international bond on Friday, issuing a senior perpetual non call three bond that pays 6.875%. The borrower opted for a non call three structure to save costs but this also made the bond more investor friendly which meant it was able to cut 37.5bp off initial pricing.

Chinese genomics company BGI plans a $400m IPO before the end of the year and Malaysian Icon Offshore mandates three banks for $137m debut in the first half.

AIA Group is meeting investors in the US this week for what would be the issuer’s second dollar bond.

Westpac Banking Corp made a triumphant return to the Samurai market this week, pricing an ¥80bn five year fixed rate trade in line with initial guidance, its first Samurai deal in two years.

China Aluminium International Engineering (Chalieco) has launched guidance for its debut international bond, opting for a non call three senior perpetual.

Agile Property Holdings was out in the market with its debut dim sum bond on Friday, joining a host of other repeat issuers and making the most of cheaper funding opportunities.

The dim sum market is in full swing this week, with Mitsubishi UFJ Lease & Finance, Unilever and China Citic Bank all pricing three year deals on Thursday.

The list of Chinese firms eyeing up an US IPO has just gotten longer thanks to mobile game developer Chukong Tech, which is planning to raise $150m in the second half of the year, according to a banker close to the deal.