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Market conditions are steady despite a decision late last week by the Greek government to postpone a debt repayment — boding well for a flurry of auctions in the periphery.

Investment grade companies held back from Europe's bond market on Monday, with the only new prospect of issuance coming from Ghelamco, a Belgian property developer, which will roadshow later this week.

Konecranes, the Finnish crane manufacturer and servicer, has refinanced a €200m revolving credit facility with its core relationship banks.

Bookbuilding kicked off for Pakistan and south Asia’s first real estate investment trust (Reit) on June 8, as the long-awaited Dolmen City Reit’s Prp5.56bn ($54.55m), listing on the Karachi Stock Exchange, blazes a path for the asset class.

National Grid is gearing up to refinance an $850m syndicated credit facility with its relationship banks. The five year loan for National Grid USA and National Grid North America matures in November.

Egypt has added impetus to its drive to renew its energy and other infrastructure, say bankers, with several big financing deals in the works to fund projects.

3SBio hit it out of the park with its Hong Kong IPO, pricing shares at the top of expectations as hundreds of accounts poured into the HK$5.51bn ($712m) trade, and bankers lamented that those who got zeroed were “too many to count”.

Intesa Sanpaolo is set to price its latest five year floating rate note with a decent new issue premium relative to its FRN curve.

The financial institutions capital market has sparked into life, with two Swiss issuers hitting a cautious euro market on Monday as two banks prep debut additional tier one (AT1) bonds.

Qunar Cayman Islands, the Nasdaq-listed online travel services firm, has raised $310.18m from the sale of American Depositary Shares (ADS), in a trade that saw momentum building strongly after an earlier convertible bond pulled in a pair of well-known names.

Oilfield equipment provider Hilong Holdings has launched a $100m loan into general syndication. Two banks are arranging the loan for the company, which made its debut in the offshore syndicated loan market in 2013 and has visited annually since.

National Bank of Egypt (NBE) has picked banks for its first bond deal in five years, hot on the heels of its sovereign’s return the international public markets last week.