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The Reserve Bank of India (RBI) has unleashed its long-awaited proposed draft framework on offshore rupee bonds, known as Masala bonds. While the rules open the funding avenue up to corporates, most market participants have doubts about the practicality of the new asset class, write Christina Khouri and Rev Hui.

China Biologic Products, the Nasdaq-listed biopharmaceutical firm, sold an increased offering of American Depositary Shares (ADS) on June 9 to raise $315m, as books closed a day earlier on the back of strong demand.

Hyundai Heavy Industries Co printed a $221.6m zero coupon exchangeable bond on June 10, ending a near two-year drought in new supply of such bonds from the country. The deal prompted a huge response, igniting debate about whether the gate has been flung open for Korea’s equity-linked market, writes John Loh.

The Egyptian Electricity Holding Co has signed a loan to build power stations, having achieved oversubscribed books.

Nykredit Bank has a new shelf from which to issue TLAC eligible debt, after Danish legislators signed Europe’s resolution framework into law last week.

Abu Dhabi National Energy Company (Taqa) has launched a five year loan at $3bn, with the possibility of increasing the size depending on demand.

African Export-Import Bank might enlarge its loan, having received around $1bn of commitments.

Korea is hoping to get its first taste of covered bonds since a new act came into force in April 2014, with Kookmin Bank scheduled to meet investors next week.

Bad debt manager China Great Wall Asset Management Corp has started receiving bids for a three year offering on June 11 and is looking to hook investors with an attractive initial price guidance.

Peru’s thriving project bond market notched another deal on Wednesday as an attractive spread over the sovereign curve helped Lima Metro Line 2 fetch over $2.5bn for a $1.155bn secured deal.

Chorus Clean Energy, a German company that operates solar and wind power plants, aims to raise about €100m of new capital in a mainly primary initial public offering.

After 499 years as a national asset, Royal Mail's privatisation is nearly over. The UK government sold a 15% stake for £750m in a successful accelerated bookbuild on Wednesday night.