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  • Shenzhen Qianhai Financial Holdings has mandated a legion of banks to arrange investor meetings ahead of its maiden offshore renminbi-denominated (CNH) bond.
  • Investors welcomed the return of Industrial Bank of Korea (IBK) in the dollar bond market on April 16, happy to get their hands on one of the less active policy banks. Pleased with the quality of the order book and the pricing level, the issuer decided to increase the size to $700m.
  • China Cinda Asset Management’s latest deal proved that when it comes to bonds, it does not always have to be a choice between size and prize. The bad debt manager hit the market with a jumbo $3bn dual trancher on April 16 — the third largest non-sovereign dollar bond from Asia ex-Japan this year — and managed to do so by pricing inside its curve.
  • South Korean construction company IS Dongseo is planning to tap equity investors for $250m via the issuance of global depositary receipts, in what will be one of the first chunky equity deals out of the country this year.
  • Hindustan Petroleum Corp’s (HPCL) $400m 39 month facility has attracted two to three commitments so far, said bankers.
  • Pakistan conglomerate Engro Corp is planning to soon offload up to 10% of its shares in its 87%-owned Engro Fertilizers for between $70m-$100m, sources say.
  • Hony Capital has made a full exit from CSPC Pharmaceutical Group after having gradually trimmed its stake over the past two years, taking advantage of the recent rally in the Hong Kong index to net a whopping HK$9.78bn ($1.26bn) on April 16.
  • South Korea’s Nonghyup Bank has selected four banks ahead of $300m Reg S outing in the first half of 2015. The Korean lender is looking to ride the recent bullish tide for Korean financial bonds and is willing to increase the size if demand is strong enough.
  • Following a botched deal five months ago, Reliance Communications (RComm) is once again planning to issue a dollar bond and will be sounding investors out starting on April 20. Learning from its mistakes, the Indian firm will be marketing the issue with credit ratings from both Fitch and Moody’s.
  • Indonesia Eximbank has received commitments from 17 banks for its $750m dual trancher. A whopping 30 more lenders have expressed an interest in the loan, said a banker on the trade.
  • India’s Bharat Petroleum Corp (BPCL) has mandated four banks to help with the company’s return to the dollar bond market following a two and a half year absence.
  • The eurozone periphery took a battering this week, with growing worries over a Greek default blamed as a catalyst for an investor pushback against the effects of quantitative easing.