GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Morgan Stanley

  • Chinese video sharing and gaming platform Bilibili is set to launch its Hong Kong secondary offering this week, after winning listing approval from the city’s bourse.
  • Chinese financial technology company Bairong has set its Hong Kong listing in motion after winning approval from the city’s bourse.
  • China’s Tuya, an internet-of-things cloud platform provider, has kicked off the roadshow for its US listing. It is aiming to raise up to $871.8m.
  • PTT Global Chemical (PTTGC) got a five times subscribed book for its dual-tranche bond on Thursday, attracting investors as a rare transaction from Thailand.
  • Rating: Ba3/B+/BB-
  • Any fears about the resilience of the US corporate bond market were set aside on Thursday when Verizon Communications amassed a $115bn orderbook and printed one of the biggest deals of the year.
  • Lancashire Holdings issued its first subordinated bond this week, a Reg S dollar tier two. There has been a near complete absence of insurance capital trades from the euro and dollar markets so far this year, but bankers are confident that more will follow.
  • Asia’s debt market was hit with volatility this week, putting pressure on secondary trading, denting primary bond supply and forcing investment grade borrower Indian Railway Finance Corp to pull its dollar transaction. Is there any respite on the way? Morgan Davis finds out.
  • Oman's Bank Muscat this week returned to debt markets after a brief hiatus to sell a dollar bond. The deal was one of only a few across CEEMEA this week, as market participants say interest rate volatility is still deterring issuance.
  • Remo Ruffini, the Italian fashion billionaire, has offloaded €412m of shares in Moncler, the luxury goods company famous for its down jackets, through an accelerated bookbuild on Tuesday night.
  • Vantage Towers, the telecoms towers division of Vodafone, has announced the price range for its IPO on the Frankfurt Stock Exchange and secured cornerstone orders for almost half of the deal size. The deal is smaller than many had expected, as rising bond yields continues to impact wider equity markets.
  • China’s YishengBio is planning to list in Hong Kong, having filed an IPO application with the bourse on Monday.