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Indian conglomerate Reliance Industries has picked a big group of banks for refinancing a $1.5bn loan raised three years ago.

Agricultural Bank of China (ABC) is planning a roadshow in September for the world’s first offshore renminbi green bond that will be part of a multi-tranche deal. The trade scheduled to price ahead of president Xi’s visit to London in October and is one of a number of upcoming Chinese bonds aimed at the UK.

Renewed confidence about CNY inclusion in the IMF's SDR has supported offered side interest in short-end CNY NDIRS today. A preference for the 3-year tenor has flattened the 1s/3s curve slope, writes Deirdre Yeung of Total Derivatives.

Latin America bankers observing Colombia’s latest bond issue had no complaints about execution but said that the deal was evidence of the higher concessions that the region’s issuers must pay amid EM and commodity-related volatility.

Yingda International Leasing, a company owned equally by General Electric and China’s State Grid Corp, has raised the size of its three year offshore borrowing to Rmb600m ($94m) from Rmb500m, partially exercising a greenshoe option.

Brazilian telco giant Oi’s bonds dropped up to 14 points before recovering much of the lost ground as the company hired Rothschild to advise it on its debt profile but denied a restructuring was on the cards.

Mexican development bank Banco Nacional de Comercio Exterior (Bancomext) will meet bond investors between Wednesday and Friday as Latin America’s new issue pipeline, deserted for so much of this year, continues to grow.

An eagerness among buyside credit traders to sell credit volatility at the start of the week gave way to hedge buying by Wednesday, as iTraxx index spreads hit their recent wides.

Stagecoach Group, the UK bus and train operator, filled the book for a £400m bond issue more than twice over on Monday, breathing life into a previously empty sterling market.

Scout24 on Monday launched the bookbuilding phase of a Frankfurt initial public offering that could value the car and home sales website company at between €2.9bn and €3.5bn.

Covestro, the polymers division of Bayer, began bookbuilding on Monday for its early October initial public offering, which is intended to raise €2.5bn, entirely from the issue of new shares.

Volkswagen's bonds widened as much as 35bp today (Monday September 21), after the company shocked markets by admitting it had deceived US regulators over pollution emissions from diesel vehicles.