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Medtronic, the US medical devices company, has mandated banks for a multi-tranche euro bond at a time when European investors are demanding higher spread concessions from Reverse Yankee borrowers than local issuers.

Avinor, the Norwegian airport and air navigation services operator, has hired banks for a €500m no-grow bond issue, in the latest test of investor appetite for the heavily battered aviation sector.

Iccrea Banca told the euro bond market on Wednesday that it was not looking to issue its debut senior deal until next week, giving investors more time to prepare for the transaction.

LSE-listed fintech Supply@MeCapital is preparing a €300m securitization in the new asset class of inventory monetisation via StormHarbour. The firm’s backers are already moving to the next expansion phase by lining up a captive bank to purchase, boosting its funding capacity and opening the route to fully tranched securitization deals.

Chinese rating agencies are facing increasing pressure, after the country’s securities association said it had found evidence of firms inflating ratings to win business. Addison Gong reports.

China Yangtze Power Co has won approval from the Mainland regulator to push ahead with its IPO on the London Stock Exchange.

China Merchants Bank raised $700m from a dual-tranche transaction on Tuesday, marketed by two different overseas branches with two different structures. But the issuer ran into negative market sentiment that dented appetite for the deal.

Tradeweb is the winner of this GlobalCapital’s OTC trading venue of the year award in what has been an extraordinary time for electronic trading. During the stressed market conditions of spring, Tradeweb stayed committed to innovating and creating efficiencies for its clients, which made it a clear winner of this category. While this award recognises Tradeweb’s achievements in derivatives, its presence in Treasuries, mortgages and exchange traded fund markets should be noted too, especially as much of its recent work has focussed on creating efficiencies across these product lines.

China Development Bank Financial Leasing Co had to tackle questions from investors and weaker market conditions to sell the first dollar tier two bond from a Mainland leasing company.

Chinese logistics company ZTO Express (Cayman) and biopharmaceutical firm Zai Lab wrapped up their secondary listings in Hong Kong on Tuesday.

JHBP (CY) Holdings, a holding company for China’s Genor Biopharma, hit the road for its Hong Kong IPO on Wednesday. It is aiming to raise up to HK$2.9bn ($371.2m).

Power Construction Corporation of China (PowerChina) was back in the dollar market with a perpetual bond on Tuesday, nearly a year after its last deal.