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Beijing Konruns Pharmaceuticals Co, a maker of cancer drugs, is planning an IPO in Hong Kong, with the company filing an A-1 on Tuesday. Credit Suisse and Goldman Sachs will jointly sponsor the trade.

Three banks signed Indian refiner Hindustan Petroleum Corp’s (HPCL) latest $250m fundraising on August 21, without syndicating the deal despite plenty of reverse enquiry.

The Republic of the Philippines is set to return to the offshore bond market as early as this year, as the sovereign hopes to take advantage of its rating upgrade.

Brazilian low-cost airline Gol Linhas Aereas Inteligentes became the latest high yield issuer from Latin America to be downgraded on Monday as recession in the region’s largest economy hit passenger demand.

The global stock market meltdown caused a sharp selloff in US equities on Monday and the VIX index revealed investors’ fear of further falls.

Closely following Markit’s launch of a foreign exchange trade confirmation service, the company has agreed to acquire DealHub, a provider of FX trade processing and trading services.

Portuguese paper maker Portucel Soporcel on Monday said in a notice filed with the Luxembourg exchange that it will offer, in September, its second high yield bond to repay part of its 2013 notes.

Sanne, the corporate administration provider, spent £7m on transaction costs for its initial public offering in March, the firm said in its half year results.

The corporate bond pipeline for September began to swell on Monday, with a trio of issuers mandating for roadshows in the coming weeks.

Paragon closed the offer period for its third retail bond last Friday, with the addition of a new credit rating helping the issuer to draw an oversubscribed order book for the nine year paper.

Extreme volatility in global equity and credit markets on Monday has public sector bankers worried that the week ahead, which was set to be a busy one, might be bereft of mandates.

The Abraaj Group has raised $375m for its second fund dedicated to North Africa, as the private equity firm continues to pursue investment opportunities on the continent.