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South Korea’s Hizeaero, which makes parts used in the aerospace industry, is seeking an IPO on the domestic stock market and has picked a bank to lead its listing.

A volatile rates market has added to a list of headaches for prospective FIG issuers this week, but syndicates are sitting on a strong second quarter tier two pipeline.

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 say the bond’s subsequent secondary market performance meant it might have paid over the odds.

Latin America faces an important milestone this week when Votorantim Cimentos issues a seven year benchmark in Europe on Thursday in what would be the first Brazilian international capital markets transaction since November.

Deutsche Bank is taking orders for its third Formosa bond this year, with the five year deal generating more than Rmb1.5bn ($242m) of interest so far, according to two sources close to the deal.

Syndicated loan banks are standing strong against the highly rated Swiss company that is demanding negative interest payments on its drawn Swiss franc term loan. One senior banker said there was no negotiation about it. “The banking syndicate has said no,” he said.

At the end of last year, equity capital market bankers foresaw two obstacles to issuance in the first half of 2015: the Easter weekend on April 3-6, and the UK general election on May 7. The pace of IPO pricings this week appears to confirm that these events are governing deal timing.

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

Noble Group, a commodities supplier, has received a total of $2.25bn in commitments, including $1.5bn from the original 15 mandated lead arrangers and bookrunners. The commitments cover the amount it was seeking when it launched the deal into general on April 8.

China Nuclear Power Corporation (CGNPC) is looking to gauge investor interest for a dollar bond having mandated six banks for a series of investor meetings starting on May 7.

Dalian Port (PDA) Co plans to sell shares under an H-share placement in Hong Kong that could raise HK$6.08bn ($784.51m), based on its last closing price.

Leveraged finance bankers at a recent industry event were upbeat about the scope for a pick-up in Asia cross-border M&A, which they see revitalising the flaccid leveraged finance activity so far this year. However, there is a debate over whether Asian banks are any closer to offering the looser terms available in Europe and the US.