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A syndication for a €600m ($663m) two year financing for China National Chemical Corp (ChemChina) is currently under way. Two French lenders are leading the deal and they have invited a select group of lenders to participate.

Indian shopping mall operator Phoenix Mills has raised $45m via a qualified institutional placement that resounded well with international long-only funds, even surprising those close to the deal with their strong interest.

There was finally some relief for equity capital markets on Friday, with the China and Hong Kong indices witnessing the second consecutive day of rallies after suffering one of their worst routs at the beginning of the week. But experts warn that the respite could be short-lived and the possibility of a financial crisis in the Mainland has now risen.

Leveraged loan market participants were in uncertain mood this week. Greek volatility made its mark on the market but not all deals have gone wide as a result.

Laminates manufacturer Kingboard Chemical is in the market with an HK$5bn ($645m) five year offering that is now in general syndication. The borrowing comes nearly five months since its subsidiary wrapped up an HK$4bn facility.

Beijing Infrastructure Investment has mandated six banks to work on a proposed international bond, just four months after it tapped the market with a euro offering.

The use of collateral management and repo to facilitate renminbi liquidity between different markets is set to increase as global interest rates rise and currency swaps become more expensive, according to Denis Noonan, vice president of product management at Clearstream Banking.

Euronext is working with the Shenzhen Stock Exchange to create indices to be used in multi-currency ETFs targeting Chinese and European investors looking to invest in each other's market, Euronext's head of listings has told GlobalRMB.

Chilean electricity company AES Gener sold a new 10 year deal that bankers considered extremely tight given the volatility in markets and recent deals.

Pacific Rubiales’ bonds tumbled as much as 12 points in secondary markets on Thursday after Alfa and Harbour Energy withdrew their bid for the company in the face of opposition from shareholders.

Brazilian sugar and ethanol producer Tonon Bioenergia will be able to pay in kind the coupons on most of its senior unsecured bonds until January 2017 after investors agreed to a debt exchange designed to ensure the beleaguered company avoids bankruptcy.

The sell-off in Chinese equities has caused a fundamental shift in investor expectations for the future distribution of returns in A-shares.