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A joint venture between New York's Depository Trust & Clearing Corporation (DTCC) and the Euroclear group could provide a model for a future Bond Connect scheme allowing foreign investors easier access to China's onshore bond markets, Euroclear has told GlobalRMB.

China Construction Bank (CCB) Financial Leasing Corp successfully issued its debut dollar bond on July 21. The $500m deal was multiple times covered as high quality investors competed to get their hands on the strong name in a rare sector that offered attractive pricing.

Bank of Communications (BoCom) opened books on July 22 to what is the first additional tier one (AT1) transaction out of China this year, selling a dollar-denominated preference share offering. Similar to its predecessors Bank of China (BoC) and Industrial and Commercial Bank of China (ICBC), BoCom already has plenty of clarity on the book ahead of launch in spite of some aggressive price guidance.

Commodity trader Trafigura has returned for its annual Asian financing, seeking $1.6bn from the offshore loan market. A number of existing lenders have formed the mandated lead arranger and bookrunner group for the deal, which mirrors the company’s 2014 fundraising in structure.

Die casting machine manufacturer LK Machinery Co has launched syndication for an HK$600m ($77m) three year amortising loan, picking HSBC and United Overseas Bank to arrange the deal.

Zhuhai Huafa Group is preparing to make its second foray into the offshore bond market, with investor meetings expected to kick off on July 23 for a renminbi offering.

Chinese companies are really taking the euro bond market in their stride this year, with Beijing Energy Investment Holdings (BEIH) adding to the record-breaking volumes with another €300m ($326m). But unlike the euro deal from state-owned peer Beijing Infrastructure a day earlier, BEIH had to rely more on anchor orders to get its deal away.

One of India’s largest port operators Adani Ports and Special Economic Zone is venturing into the international bond market for the first time, opening books for a 144A/Reg S five year on July 22.

A rare Greek IPO was announced on Tuesday, as Poseidon Containers, based in Athens, set out to raise about $230m by floating in New York, to finance purchases of container ships.

German Startups Group Berlin withdrew its IPO this week, having failed to achieve coverage on the deal, according to a person close to the situation.

A quiet patch for block trades was broken on Tuesday evening when UBS launched an €865m accelerated bookbuild in Kone Corp, the Finnish maker of lifts — an exceptionally rare deal in the stock, which has a €20bn market capitalisation.

The more settled nature of the credit market this week is very supportive for new corporate bond issuance, say traders, but has brought a reversal of the recent outperformance of iTraxx Crossover versus the Main index.