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South Korea’s Kookmin Bank is sounding investors out for an upcoming covered bond that’s likely to hit the market as early as this week.

Weak Chinese PMI data and lower repo fixings have supported receiving interest in short CNY swaps and a steeper curve on Monday. Market participants expect the steepening trend to continue in the near-term, with 30bp in 2s/5s NDIRS considered a key level, writes Deirdre Yeung of Total Derivatives.

Singapore-listed Frasers Centrepoint (FCL), which raised a £300m ($468.5m) five year loan from Barclays, BNP Paribas and Standard Chartered to fund the acquisition of boutique hotel chain Malmaison Hotel du Vin, has opened the loan into wider syndication.

KfW has visited the syndicated market with in bond in an unconventional tenor on a Friday — typically a quiet day for deals — for the second week in a row.

French municipal lender Agence France Locale could choose a large private medium term note to return to the bond markets after the summer, following a debut syndication earlier this year.

Asian Development Bank and Inter-American Development Bank each tapped five year Kangaroos on Friday, seeing out a week of strong Australasian currency issuance.

UBS has taken over $7.5bn of orders for its latest AT1 offering, an impressive feat given the trade was Reg S only and was executed on the last Friday of July.

The Republic of Slovenia on Thursday ripped into the private placement market for the first time, fulfilling a desire at the ultra long end.

Bharat Petroleum Corp (BPCL) subsidiary Bharat PetroResources (BPRL) has mandated one lender for a $150m facility. The proceeds of the loan are for capital expenditure.

Zurich-based Swiss Reinsurance Company (Swiss Re) received the first quota in the RMB qualified foreign institutional investors (RQFII) programme among Swiss asset managers on July 29, according to the latest data from the State Administration of Foreign Exchange (Safe).

Chery HuiYin Motor Finance Service Co is seeking to list in Hong Kong via sole sponsor CICC. The automotive financing company filed a preliminary prospectus with the stock exchange on July 31.

A three-day slide in China's A-share market that included the biggest one-day percentage drop in more than eight years on July 27 has led to domestic critics pointing the finger at overseas investors. Mark Boleat, policy chairman at the City of London Corporation, has a different take. He says China needs foreign participation in its markets to ensure its goal of RMB internationalisation is successful.