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As the pace of initial public offerings begins to ease, equity capital market bankers in Europe are keeping themselves busy with a wave of block trades.

Tianjin Free Trade Zone Investment Holding Group (Tianjin FTZ) hit the market for its first dollar bond on December 2.

American car rental company Hertz has trimmed some more of its stake in China Auto Rental (CAR) via a HK$1.05bn ($135m) overnight block, with the trade priced at the bottom of guidance to ensure the secondary performance held up well.

Real estate developer Country Garden Holdings is asking for consent to modify the terms and conditions of its outstanding dollar bonds.

The Republic of Indonesia has gone against its normal strategy of raising conventional dollar bonds at the start of the year by issuing a massive $3.5bn dual-tranche offering on December 1. It broke with its policy for the first time in years in a bid to lock in low rates ahead of this month’s expected rate hike by the Federal Reserve.

Brazil iron ore pellet producer Samarco Mineração’s bonds hit the mid 30s on Tuesday as Fitch reduced the borrower’s rating from BBB to BB- a month after two of the company’s dams burst in the state of Minas Gerais, causing heavy human and environmental damage.

EM bond investors said that Fibra Uno’s latest dollar issue represented great value for such a strong credit as the deal tightened several basis points in the aftermarket.

eHi Car Services finally made its debut in the international bond market, raising $200m from a three year bullet on Tuesday. After its first attempt at a deal failed in August, it decided to pay up this time to ensure success.

Modern Dental Group has opened books for its HK$1.23bn ($158.71m) IPO in Hong Kong and plans to woo institutional investors by placing only a small portion of the trade with one cornerstone investor.

South Korea’s Kookmin Bank is looking to return to the covered bond market as early as January, after hiring a bank to arrange a non-deal roadshow.

Chinese property developer Golden Wheel Tiandi Holdings printed its inaugural dollar bond on December 1, raising $100m from a trade driven by reverse enquiry.

L Capital Asia, one of the private equity arms of French luxury company LVMH, is seeking a $130m five year debut loan that has launched into syndication.