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Yangtze River Development is looking to raise as much as $57.5m for a project in Wuhan, China, by listing on the New York Stock Exchange, according to a filing with the US regulator.

United Asia Finance has launched a HK$600m ($77m) four year fundraising into syndication. The Sun Hung Kai-backed company is offering a high all-in compared to the sub-100bp being paid by other Hong Kong blue chip names.

Five banks have opened into senior syndication a $455.75m facility that will back Baring Private Equity Asia’s proposed acquisition of Singapore-based Interplex Holdings.

China’s first revolving auto ABS successfully priced this week with SAIC-GMAC Automotive Finance bagging Rmb3bn ($456m) from the landmark Rongteng 2016-1 Retail Auto Mortgage Loan Securitization.

Banks are lining up for another big week of bond issuance in euros after shrugging off concerns of a sector meltdown, with nearly €8.5bn of fresh senior debt set to hit the market.

Romania priced euro benchmark taps of its 2025s and 2035s on Thursday evening in London at new issue premiums of 10bp and 16bp, respectively, according to a syndicate official on the deal.

A run of loans for highly-rated Middle Eastern government related entities (GREs) is expected to shape the year for Gulf loans.

Helaba brought the biggest Pfandbrief since 2011 on Tuesday, pulling in €1.25bn with a long four year deal. It was the first ever euro benchmark covered bond issued with a zero percent coupon, but given the persistent low interest rate environment it is unlikely to be the last, with some bankers alarmed at the prospect of negative yielding covered bonds.

Crédit Agricole penned an €18bn deal to simplify its complex ownership structure, something investors have long criticised, to boost its capital base and allow it to pay dividends fully in cash.

The secondary market for European leveraged loans has had a tough February, with wider market volatility dragging down prices every day of the month so far.

Bahrain took the decision to pull its $750m tap on Thursday morning after a shock move by Standard & Poor’s to downgrade the sovereign to junk. Bankers on the deal have criticised S&P for its “clumsy” timing.

In a boost for share sales in Indian state-owned firms, the country’s securities regulator has refined the rules for offer for sale (OFS), reducing the risks that have plagued such sell-downs in the past. Market participants lauded the move, but with stock prices still shaky, deal volumes are unlikely to rise quickly, writes John Loh.