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Melco Crown Entertainment plans to stop trading on the Hong Kong Stock Exchange by the end of June, following an announcement earlier this year that it was de-listing from the exchange market due to poor trading volumes.

Banks are lining up to finance Cheung Kong Property’s HK$55bn ($7.1bn) loan, leaving the door open to the possibility of a further thinning in pricing.

Investors were more positive on Wednesday that Petrobras is moving in the right direction despite a surprise downgrade last week, after its bond spreads tightened around 50bp on Tuesday.

There are signs that the pace of RQFII quota approvals is picking up, even though the volume of quotas handed out is still lagging the pace seen until the fourth quarter of 2014. A tax bill of as much as $4bn could also spoil the RQFII party, but the Stock Connect could be set for a boost as European Ucits funds get the green light to participate.

The Franco-American Alliance for Islamic Finance (FAAIF) is trying to convince Hawaii to be the first US state to issue a sukuk.

Telekom Malaysia has received approval for a $750m multi-currency wakala sukuk programme.

Bahrain has granted Turkish lender Türkiye Finans Katilim Bankasi a license to open a branch in the kingdom.

Investors are increasingly looking at shorting puts on single stocks as a way to generate yield and higher risk-adjusted returns, according to strategists.

New buyside entrants and portfolio managers are increasingly using options on futures as a way to keep margin costs down while generating tailored risk exposure, providing an effective alternative to over-the-counter swaps and futures strategies.

LCH.Clearnet’s global interest rate swap clearing platform, SwapClear, is launching a portfolio margining service that will enable its members and their clients to maximise their margin offsets between over-the-counter and listed interest rate derivatives. As a result of this, users will be able to more efficiently manage their collateral obligations.

Deutsche Bank is trading a £150m block of Glencore shares tonight for First Reserve, the energy-focused private equity firm. It is the first accelerated bookbuild since the minerals company’s 2011 IPO, which may explain the busy atmosphere on syndicate desks this evening.

Refresco Gerber, the Dutch juice and soft drinks bottler, will seek an Amsterdam listing, dashing hopes among leveraged finance bankers that the firm would favour a sale to private equity.