Nomura

Nomura, has named Shengbo Tang as head of Hong Kong and China insurance and non-bank financials research.

The European Stability Mechanism is set to bring the first syndicated euro deal with a size over €1bn in more than a month — but SSA bankers are split on whether it will reopen the euro market.

KfW on Friday priced the largest Kangaroo deal since April and has reopened the Australian market for more supranationals and agencies to follow, said niche currency bankers.

Verallia, the French glass bottle maker, started sounding investors on Thursday for an €860m-equivalent bond to finance its acquisition by alternative investment fund Apollo Global Management.

Caisse des Dépôts et Consignations made a successful return to the Samurai market this week with a ¥20bn ($161m) dual-tranche deal.

Jumbo transactions from Japanese banks are nothing new when it comes to the international debt market although Sumitomo Mitsui Banking Corp (SMBC) did surprise some by opting to pay up with a $3bn four tranche offering on July 14.

Amid turmoil in global stock markets, two Japanese companies issued convertible bonds outside Japan on Tuesday. Both achieved successful sales in the middle of their price ranges — though the deals differed markedly in other ways.

Healthcare firms Universal Medical Financial & Technical Advisory Services Co and Harmonicare Medical Holdings priced their IPOs this week, capping the stampede of listings out of Hong Kong as the pre-summer rush nears an end.

Public sector borrowers are snapping up opportunities in the medium term note market, as Greece’s bail-out negotiations and imminent US non-farm payroll data stifle syndicated supply.

Marie Filotti, an ECM syndicate banker with Nomura based in Hong Kong, has left the firm, GlobalCapital Asia understands.

China SCE Property Holdings has returned to the dollar bond market, raising $350m from a five year non-call three deal that saw yield-hungry investors clamouring to jump on board.

Hong Kong IPOs took centre stage in Asia ex-Japan ECM this week, as two healthcare-related names went live on June 22 while Legend Holdings and Red Star Macalline Group Corp priced their deals at the top end of expectations.