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European rates volatility in the second quarter and a strong dollar have hammered investors’ returns in the euro market, but sterling and dollar holdings have fared better.

Port and ferry service provider Zhuhai Holdings Investment has unfurled an HK$1bn ($128m) borrowing in general. Interested banks will get a chance to review the company’s operations in its home city of Zhuhai.

The Middle East is still churning out deals and replenishing its pipeline, but a Gabonese Republic mandate offers hope of some diversification in CEEMEA. Petrobras and Buenos Aires, meanwhile, are among the names lighting up the Latin American bond markets.

Europe’s bond market has been a tricky place for corporate issuers this week, with volatile interest rates making investors reluctant to buy new paper.

Woori Bank is well underway with what will be the first Basel III additional tier one (AT1) from a non-Chinese bank in Asia ex-Japan. Bankers on the deal officially launched bookbuilding with price guidance on June 3, having collected feedback from investors the previous day on fair value and the best comps.

Santander UK shrugged off poor conditions in the FIG market this week to open books on its crucial additional tier one trade on Wednesday, while other issuers try to work out when to launch their deals.

Korea Development Bank is looking to make an opportunistic exit from Kumho Petrochemical, launching a W338.2bn ($306m) block on Wednesday evening after the company’s stock rose by 3.25%.

The dim sum bond market is set to welcome a new name with technology giant Lenovo Group opening books to an up to Rmb3.5bn ($574m) offering on June 3.

China Three Gorges Corp (CTG) has opened books for what will be its first outing to the international bond market, marketing a dual tranche offering in dollars and euros on June 3. Joining CTG in the market is Beijing Construction Engineering Group (BCEG), which started taking bids for its debut dollar bond.

The Asian bond market woke up to a slew of new issuance on June 3 with six deals all vying for investor attention. And in the midst of the action is Indian telecommunications giant Bharti Airtel, which is enticing bids for a new 10 year dollar offering.

Quanta Computer subsidiary Quanta International, which launched a dual tranche borrowing into general in March, has signed the facility at an increased size of $900m after fully exercising a greenshoe option.

International banks are increasingly setting up in free trade zones (FTZ) in China, keen to expand their RMB business and mainland footprint.