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The bursting of China’s stock market bubble last week rattled investors, with Asian bourses feeling a contagion effect from the mainland’s collapse. As indices begin to steady, ECM bankers in Hong Kong are adamant the market is open for business, but discussions with potential issuers on pricing and timing are taking centre stage, writes Rashmi Kumar.

The UK Debt Management Office has finalised details on the timing and tenor of what will be its second syndication of the 2015-16 financial year.

Primary deals are once again flowing in Asia ex-Japan amid a gradual untangling of the Greek debt crisis and an improving Chinese equities market. But even with the worst apparently behind them, market participants in the region are predicting issuance to be stop-start and dominated by investment grade credits as they prepare for the second half of the year, writes Rev Hui.

The return of one of China’s big four banks next week has put the market in a state of eager anticipation, with Bank of Communications (BoCom) set to go on the road for an additional tier one (AT1) preference share offering that could be as large as $2.46bn.

Chinese wealth management service provider Jupai Holdings priced its $53m IPO on the New York Stock Exchange at the bottom end of guidance on July 16, as its selling shareholders reined in the number of secondary shares on offer.

Ukrainian lender Privatbank failed in its first attempt to reprofile its 2016 bonds, which surprised some analysts. But not those inured to the numerous iterations of most Ukrainian restructuring exercises.

Ukrainian food producers are ramping up their push for internationally syndicated loans. One sunflower oil producer has signed a loan, another is in the market and a third food company has set its sights on a deal.

The first dollar bond to emerge from China following the Greek debt agreement proved to be a hit, with Shanghai Construction Group (SCG) attracting an eight-times covered book for a $400m offering.

Yong Rong Global Excellence Fund managed to navigate choppy conditions in Asia’s equity capital markets to exit Bloomage Biotechnology in a HK$231.5m ($30m) block on Monday, July 13, wooing investors eager to take a position in the company at discounted levels.

Xinjiang Goldwind Science & Technology went live this week with what will be China’s first green bond. The trailblazer drew plenty of attention, with more deals expected both on and offshore once the country’s green bond regulations are finalised later this year.

Santander Consumer Finance and Société Générale both opted for defensive three year senior unsecured trades on Thursday, the first euro benchmark FIG deals in three weeks.

The pipeline for offshore Indian loan syndications is showing signs of life, with opportunistic corporate refinancings and more borrowing by housing finance companies pushing dealflow. Bankers expect the second half of the year to be busier than a very quiet first six months, writes Shruti Chaturvedi.