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Far East Horizon has been at the centre of its second selldown in less than a month, with KKR offloading shares via a HK$1.54bn ($199m) block trade on the evening of May 4. While there were plenty of orders, they were small in size because of the Hong Kong-listed stock’s recent run-up in value.

China Banking Corp (Chinabank), BFI Finance, and China Universal Leasing are the latest financial institutions to tap the offshore syndicated loan market. The three fundraisings continue the trend of companies looking to capitalise on the difference in borrowing costs overseas and lending rates at home.

Brightoil Petroleum is making a second attempt at raising funds via a top-up placement of shares, opening bookbuilding for a HK$1.046bn ($135m) deal on the evening of May 7. The company has taken a different tack this time round, launching a bigger deal with not only a fixed price but with also just one bookrunner at the helm.

Real estate developer Vietnam Investment Group Joint Stock Co (VIG) is looking to borrow $125m offshore in a deal led by one bank.

Shinsegae Group wrapped up a stylish debut on May 5, printing a 30 year non-call five hybrid in its first appearance in the offshore bond market. The company made a substantial saving over where it could fund in the domestic market but investors were pleased with the pick-up offered over guarantor Kookmin Bank.

China Merchants Bank (CMB) New York branch opened books on May 7 to a $500m three year bond, which will be the issuer's first outing in the international debt market. Bankers on the deal hope to see huge demand for China Construction Bank’s bank capital trade spill over to CMB New York's issue.

Hsin Chong Construction Group launched its inaugural bond on May 7 with investors getting the chance to buy into a rare unrated issuer from Hong Kong.

There may have been no tequila at the roadshow but investors piled into Jose Cuervo’s inaugural international bond issue on Wednesday as Mexican companies continue to enjoy heady conditions in capital markets.

San Miguel Corp of the Philippines has launched a $287m loan into general syndication, taking advantage of benign market conditions to slash pricing by more than 75bp compared with its last borrowing in the offshore loan market.

Tequila went to the head of US bond investors in the wake of Tuesday’s Cinco de Mayo celebrations as Jose Cuervo, the largest brand of the headache inducing if rather delicious drink, reaffirmed Mexico’s status as the leader of the LatAm bond market.

The typical reaction to a borrower in the primary market on a day such as the one the European rates market suffered on Thursday is to question what said issuer had been drinking.

As block trade bankers had predicted, the fireworks are starting again as companies emerge from blackouts. Five deals totalling €2.8bn were in the market on Wednesday night, but there were no auctions: all of them were mandated trades, leaving banks away from the action with nothing to bid on.