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China ABS has been developing at a fast pace since the government reopened the market in 2012. With foreign investors buying auto loan ABS from international car manufacturers, bankers wonder if they could issue offshore renminbi ABS to attract an even broader investor base.

Manulife US Real Estate Investment Trust (Reit) started building up its order book for a S$569m ($426m) Singapore IPO on Monday, June 29, following two weeks of investor education that saw steady interest coming through.

The Malaysian ECM market is gearing up for some fresh activity after a near two-month dry spell, as Sunway Construction Group throws open books for an IPO worth as much as MR550m ($147m) that comes supported by a 10-strong cornerstone group.

India’s IndusInd Bank raked in Rp43.26bn ($681.85m) from a qualified institutional placement on June 26 that proved extremely popular, as the pipeline of ECM fundraisings feeding into the country’s banks continues to stack up.

The People’s Bank of China (PBoC) surprised the market by cutting benchmark interest rates and the RRR at the weekend. Short swaps have been well offered in response and the curve is steepening as the central bank move combines with expectations for an equity rebound, writes Deirdre Yeung of Total Derivatives.

Mexican hotel operator Grupo Posadas saw its $350m seven year deal trade up on Friday as bankers said that there was still demand for high yield despite the sub-investment grade segment of the Latin American market suffering its worst year in terms of new issuance since 2009.

Venezuelan state oil company PDVSA’s plans to raise Chinese yuan-denominated bonds show that the beleaguered nation is unable to raise financing from its traditional markets, said investors.

Atos, the unrated French IT and outsourcing firm, slipped into the bond market on Friday, taking a narrow window before Greece’s next round of talks with its creditors to slip a debut bond into the market.

Europcar, the French car rental company, priced its initial public offering at €12.25 on Thursday night, for a total deal size of €879m. Its shares traded down slightly on Friday, their first day in the markets.

Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark as of Wednesday’s close. The source for secondary trading levels is Interactive Data.

Suez Environnement, the French water and waste company, has issued a pair of private medium term notes, in only its second appearance in the bond market this year.

German cosmetics firm Douglas Holding, which is being acquired by CVC Partners from Advent International, sold €635m of high yield bonds on Friday after cutting their size for a second time.