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  • In a record-breaking year for CEEMEA bond issuance, JP Morgan has taken a definitive lead over Citi in the 2017 league tables. And with those two banks raising their market shares even further, some say there has been upward pressure on fees, as issuers fear the outcome of not mandating either of the two leaders.
  • Unibail-Rodamco has taken out a €6.1bn bridge facility from its advisers Deutsche Bank and Goldman Sachs, to finance its acquisition of Westfield Corp, the Australian shopping centre operator, for an enterprise value of $24.7bn.
  • Over the last two months, GlobalCapital Asia's team has conducted pitch meetings with banks to decide the most impressive capital markets transactions and advisers in Asia in 2017.
  • After a slow first two days of the week, some participants were calling the end of a successful 2017 for corporate bond issuance. However five new deals were priced in the next two days as French and German issuers in particular benefited from investor desire to keep buying.
  • A number of bond traders will do well to remember the last time the Eurodollar market was deemed to be hot. But with four deals in in as many weeks, traders under 30 are having to learn about this market again. This week it was the turn of Toyota to rejoin a market it once frequently used.
  • Volkswagen Bank GmbH sold sold its first bond for more than three years this week. The banking services subsidiary of German car manufacturer Volkswagen printed a €2bn triple-tranche deal on Wednesday.
  • Austrian oil and gas company OMV discovered on Thursday that investors are far from finished with the investment grade corporate bond market in 2017. The strength of demand for its new nine year deal resulted in the company printing its largest ever bond.
  • On Wednesday, the euro corporate bond market reminded any doubters that it was still very much open for business with five tranches totalling €3bn being priced by three well known issuers.
  • Twelve deals last week led many in the corporate bond market to believe this week would be the final busy week of the year. However, the roadshow schedule is now bare and investors believe they are starting to see the end of 2017.
  • HNA Group (International) has mandated a Chinese institution for a Rmb5bn ($756m) private placement Panda bond on the Shenzhen Stock Exchange, according to a December 5 update on the bourse’s website.
  • Short selling is crucial to the development of China’s equity market, especially in attracting greater foreign participation, Lyndon Chao, head of equities and post trade at the Asia Securities Industry & Financial Markets Association (Asifma), told GlobalRMB.
  • Four Qatari banks have been meeting investors with a view to printing bonds.