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BPCE made its debut in the offshore renminbi (CNH) market on March 18, pricing a 10 year non call five trade. The transaction meant the French lender joined a series of non-Chinese banks that have tapped the dim sum bond market to beef up their Basel III tier two capital buffer.

Guotai Junan Hong Kong, a subsidiary of Guotai Junan Securities, is in the market for a fundraising of HK$5bn ($643.8m), with six mandated lead arrangers and bookrunners.

Haitong International Securities Group is gunning for a capital raising of up to HK$9.10bn ($1.17bn) via a one-for-one rights issue, with 65% shareholder, Haitong International Holdings Limited (HTIH), committing to take up its entire rights entitlement to provide early momentum for the trade.

A special purpose vehicle created to build an upcoming hotel at marine themed amusement park Ocean Park in Hong Kong, is forming a club of banks to lend money for the construction.

Shanghai Fosun Pharmaceutical Group has received the go-ahead from the China Securities Regulatory Commission to issue new H-shares, which could raise HK$2.13bn ($274.30m) based on its current share price.

Saudi Arabia’s Petro Rabigh has signed SR19.38bn ($5.2bn) of loan agreements – including an Islamic finance component – with a mix of international, regional and local lenders.

Market participants trading non-centrally cleared swaps have been given a reprieve as proposals from regulators regarding rules for initial and variation requirements have been delayed.

Bank of America Merrill Lynch and Deutsche Bank are working on allocations tonight on the IPO of Auto Trader, which has been a big success.

Real money investors remain the missing piece for index tranches of iTraxx Europe and Crossover, despite trading picking up and broadening in the asset class.

Only one equity block trade went ahead in Europe tonight, as Citigroup placed a €97m stake in Atresmedia, a Spanish TV and radio broadcaster and film producer.

US buysiders are struggling to access overseas liquidity as many dealers do not want to trade with US clients due to regulations such as Dodd-Frank, resulting in increased fragmentation and smaller liquidity pools.

Lakehouse, the UK asset and energy support services business, on Wednesday raised £60m in gross proceeds from an IPO that values the company at £140.2m.