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Wednesday’s shock market development saw short-selling research firm Citron allege that biotech firm Valeant Pharmaceutical inflated its sales figures by selling to “phantom captive pharmacies” in a plot reminiscent of the Enron scandal of over a decade ago.

Three dollar issuers found no lack of demand at the short end when printing a trifecta of 2018s this week but tougher markets played into more defensive pricing strategies — at least in the early stages.

Equniti — Innovation — Euskaltel — Symphogen — Octopus — NEOT

Eurozone government yields dropped several basis points after European Central Bank president Mario Draghi hinted at a press conference on Thursday afternoon that the central bank would boost monetary easing.

Twenty-three developed countries have promised $100bn a year to poor nations from 2020 to help them cope with climate change. So far, progress towards meeting that promise has been inadequate. It’s time for a proper, fair system so struggling countries get the finance they need, and the rich penny-pinchers are named and shamed.

The IPO of Amundi, Europe’s largest asset manager, began on Monday with the launch of investor education for a deal that is likely to top €1bn.

Export Development Canada printed the third three year dollar deal in as many days on Thursday, suggesting that investor demand for short dated dollar debt is by no means sated.

Wells Fargo printed an impressive second Swiss franc deal for the year on Thursday, attracting strong demand not only from retail and private banking investors but also asset managers, insurance and pension funds.

Investment company Octopus Investments has received £400m in syndicated loans to fund its acquisition of a portfolio of UK solar projects.

The Indian IPO market is back in full swing with Coffee Day Enterprises seeing a solid outcome for its Rp11.94bn ($183m) deal, in what was the country’s first chunky listing in years. The transaction’s success, buoyed particularly by interest from institutional accounts, has now paved the way for a flurry of IPOs to follow, writes Rashmi Kumar.

Sino-Singapore Tianjin Eco-city (SSTEC) opened books on Thursday morning for a three year debut offshore renminbi deal, which comes with a standby letter of credit from Bank of China’s Singapore branch.

The People’s Bank of China (PBoC) priced its first offshore bond on October 20, raising Rmb5bn ($788m) from a dim sum deal widely hailed as important for the internationalisation of the Chinese currency. But while the transaction is a landmark for the country, doubts remain about whether more such issuance will follow from the central bank, write Carrie Hong and Narae Kim.