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Indonesia Eximbank has sealed its latest loan at $1bn, exercising a $250m greenshoe option after general syndication saw 38 firms pile in.

A hefty release of Chinese IPO subscription funds supported equities and weighed on the CNY rates market on Tuesday. Five year NDIRS was been better bid on the sell-off, while the short-end was outperforming on the improvement in liquidity conditions, writes Deirdre Yeung of Total Derivatives.

HTSC will close books on its jumbo HK$34.72bn ($4.48bn) IPO at 4pm Hong Kong time on May 21, with investors showing few signs of price sensitivity and putting the listing on course to be Asia ex-Japan’s largest IPO so far this year.

Guangzhou Communications Investment Group has hired two banks ahead of its first outing in the dollar bond market and will meet investors this week.

Zhengzhou Yutong Group has opened books for a three year dim sum bond, having opted to add the credit enhancement of a standby letter of credit for its first transaction in the offshore renminbi (CNH) debt market.

Analysts are expecting a very strong reception to today's auction of offshore renminbi China government bonds (CGBs) by the Chinese Ministry of Finance. The result of the auction, which sees some Rmb14bn ($2.3bn) of bonds offered across six tenors, will be announced by 5pm Hong Kong time.

Despite last week’s high profile and galling cancellations of two IPOs, new flotations continue to move toward Europe’s equity market, and investors are showing plenty of appetite for deals they like.

Risk management is, by nature, evolutionary, but the 2008 financial crisis marked an inflection point that changed the paradigm for the industry. It ushered in an era of greater regulatory scrutiny, with risk management emerging as a leading priority for financial firms and policy makers, who pledged to establish new rules that would enhance market stability and mitigate the likelihood of another financial meltdown.

Calls from real money investors for market makers to scrap two of the four quarterly rolls of single name credit default swaps each year are gaining traction, say traders — and could take effect as soon as next month.

Phoenix Spree Deutschland, a German property investment fund, said on Tuesday it intended to float in London, in a deal that will contain neither a primary nor a secondary sale of stock.

A burst of block trades hit the European market today, most of which met eager demand, starting with a daytime deal to raise new capital for DCC, the Irish sales, marketing and distribution group, which is buying a French fuel business from Shell.

Michelin, the French tyre maker, issued its first bond since 2012 on Tuesday. While the issuer drew good demand for seven and 12 year euro bonds, a proposed 30 year tranche failed to gain traction with investors.