Nomura

One of the last batches of the year’s Hong Kong IPOs kept the market busy this week, even as investors started to wind down for the holidays.

Bulgarian insurer Eurohold has released initial price thoughts for a five year bond of up to €100m.

Huarong Real Estate Co and Fosun International approached investors with different trades on Tuesday, with the former nabbing €500m from its inaugural offshore bond and the latter taking $300m from an opportunistic deal.

Corporacion Andina de Fomento tapped its September 2027 Kangaroo line on Tuesday, the first increase since it opened the line in March.

Anton Oilfield Services Group, rated Caa1/—/CCC, ventured into the volatile market on Tuesday to close its exchange and new money offering, taking home $300m in the process.

Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, filed a draft prospectus for its IPO with the Indian market regulator on Tuesday.

As fund managers fill their pockets with corporate leveraged finance debt, borrowers like BMC Software are taking advantage of strong conditions to slash funding costs across their financial structure.

Chinese issuers are yet again dominating the supply in Asia ex-Japan debt markets, with four firms wooing dollar and euro bond investors on Tuesday.

Punjab National Bank is selling a 6% stake in PNB Housing Finance worth Rp13.3bn ($206.3m) through the offer-for-sale method.

Sterling high yield bond issuance this year has now surpassed four times 2016’s figure. This week, new borrower Pinewood Studios appeared on stage.

The leveraged loan market is approaching Christmas on course to beat last year’s issuance, particularly for financing of new buyouts.

Nissin Foods Co kicked off bookbuilding for its HK$1.1bn ($144.8m) Hong Kong IPO on Monday, with several Japanese trading giants and a Singaporean beverage company joining as cornerstone investors.