Nomura

Japan Post Holdings has priced its IPO at the top of the range to raise ¥693bn ($5.78bn), as the country’s government finds big success with its simultaneous triple listing.

Nomura highlighted the strength of its sovereign, supranational and agency debt business in its second quarter results, reported on Wednesday, despite recent senior level cuts in its primary debt business.

Republic of Cyprus completed a rare combined syndication and switch offer on Tuesday with 40% of the new issue going to existing bond holders.

Republic of Cyprus is on track to price a rare combined syndication and switch offer. The deal will allow Cyprus to tidy up the short end of its curve while issuing a fresh 10 year note.

Inter-American Development Bank has sold a three tranche Uridashi from its Education, Youth and Employment (EYE) bond programme.

Golden Meditech has closed its HK$985.70m ($127.19m) rights issue with shareholders taking up just 69% of the transaction, forcing its underwriter to absorb the remaining shares.

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Covered bonds issued this week from banks in Italy and Portugal were a roaring success from the sellers’ point of view. But none could have been done without the European Central Bank’s help.

The London branch of the Japanese firm has put two bankers ‘at risk,’ one of whom had been actively involved in emerging markets, covered bonds and SSA syndicate.

Westpac has appointed Sneha Sanghvi as its new head of financial markets for Asia, replacing Michael Bass who is relocating to the bank’s London office.

China Reinsurance priced Hong Kong’s third largest IPO of the year at the top of the range to raise HK$15.58bn ($2.01bn), drawing an outpouring of interest from global investors. The trade has buoyed hopes among ECM bankers, as they seek to put a sullen summer behind them.

Bank Nederlandse Gemeenten and KfW came together in the same currency and tenor on Tuesday, with both issuers able to find healthy demand.