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  • The Korea Exchange (KRX) is desperately trying to entice international companies to list on its stock market, as activity from household names this year has been nothing short of abysmal. Its efforts have been impressive, but scepticism remains about how many firms will take the bait, writes Rashmi Kumar.
  • NordLB put its debut additional tier one print on ice on Thursday morning, with a sharp sell-off in AT1 paper causing the leads to postpone the deal.
  • Deutsche Bank this week priced the biggest Formosa bond so far in 2015, in what was its third issue on Taiwan's renminbi-denominated bond market this year.
  • China Energy Reserve and Chemicals Group raised $200m from its inaugural bond, with the issuer choosing to pay up to compensate for a lack of credit rating. The tactic was effective in getting the deal done, although observers said the bond’s subsequent secondary market performance indicated that it might have paid over the odds.
  • Caterpillar made its annual visit to the European bond market amid choppy market conditions on Wednesday, and disciplined investors secured a decent pick-up.
  • Votorantim Cimentos on Thursday morning opened books on the first international Brazilian deal since a Petrobras corruption scandal in November. But the euro denominated reopener struggled in a rotten primary market and was unable to move pricing.
  • Mining company Petra Diamond closed a successful $300m debut deal this week, which was trading well in the secondary market on Thursday, said bankers on the deal.
  • Turkey’s Halk Bankasi (Halkbank) has nearly completed syndication for its $807m one year loan, according to banker on the deal.
  • Turbulence in currencies and commodities helped Commerzbank’s Corporates and Markets division beats last year’s performance by more than 15%.
  • Two Chinese lenders will supply a $800m loan to back the acquisition of US-headquartered digital imaging company OmniVision Technologies by a consortium of Chinese investors.
  • The year’s first bank capital deal from China ended with a bang as China Construction Bank (CCB) took full advantage of pent-up demand to print a jumbo $2bn tier two offering. The largest Reg S only tier two from China was not only impressive for its size but also because it was able to achieve a record low spread.
  • China National Petroleum Corp (CNPC)’s subsidiary Kunlun Energy Co successfully completed its inaugural dollar offering on May 6, continuing the success of Chinese gas and oil firms in the international debt market.