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Larsen & Toubro Infotech, the information technology services unit of Indian conglomerate Larsen & Toubro, plans to raise $300m from an IPO of only secondary shares.

Hengtou Securities is braving turbulent markets by launching a HK$1.69bn ($218.07m) IPO in Hong Kong on Tuesday, even as sell-downs intensified in several of the city’s biggest brokers.

Bank of China Hong Kong took the market by surprise on September 29 when it announced in the morning that it had successfully completed its Rmb1bn ($157m) Panda bond. That meant BOCHK, whose deal had been expected to run alongside a similar trade from HSBC that also priced on Tuesday, was able to claim the position of the first foreign bank to issue in China’s domestic bond market.

Mizuho Bank has raised Bt3bn ($83m) from its debut in the Thai bond market, with the deal also marking the first offering under a new pan-Asian initiative designed to streamline debt issuance. The trade received a robust response from investors, and is expected to pave the way for other similar transactions.

The leads on HM Sampoerna’s Rph20.8tr ($1.4bn) follow-on have told investors that the trade is covered across the price range, after the Indonesian unit of Philip Morris International attracted a slew of long-only investors.

Bondholders have given Banrisul a stronger response to its tender offer for subordinated debt than they gave Brazilian peer Banco BMG in the early bird phase, but not as overwhelming a response as they gave Banco Votorantim, as Brazilian banks look to repurchase expensive bonds.

The Argentine province of Neuquén said it would make a second attempt to sell a dollar-denominated bond “when market conditions are more stable and convenient”, after the region’s government did not approve the interest rates that investors were seeking.

British operator of cloud services Interoute Communications’ €590m secured notes braved a rough primary high yield market on September 25 and recovered this week from an initial hit in the secondary.

Regulation of leveraged finance in the US remains one of the main topics of conversation, as well as a mixed blessing, for the European market, delegates at the 9th annual Leveraged Finance Conference in London were told on Monday.

Schiphol Group, the owner of Amsterdam's Schiphol Airport, on Monday sold €300m of secured notes, in a European corporate bond market that bankers say has overcome its recent anxiety about macroeconomic issues.

The message from market participants at the Euromoney/GlobalCapital Corporate Summit in Paris on Monday was clear: private placement investors need to go global.

There may have been a sell-off in US high yield bonds, but investors dumping exchange-traded product (ETP) options have quelled volatility.