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China Vanke Co, one of the largest property developers in the mainland, will lower the coupon rate on a Rmb3bn ($422m) bond by 260bp after the July put date, becoming one of the latest issuers to take advantage of falling funding costs onshore. Addison Gong reports.

Singapore Telecommunications (Singtel) raised $750m on Wednesday from its annual bond outing.

Qatar National Bank returned to offshore renminbi (CNH) bonds this week, adding a dash of variety to a market that has been dominated by Chinese names.

Real estate developer China Vanke raised HK$7.89bn ($1.02bn) on Wednesday from a sale of fresh equity.

Dechra Pharmacuticals, the pharmaceutical company focused on pets, raised £134m in an accelerated placing on Wednesday night to strengthen its balance sheet after an M&A wave and to give it headroom for further growth and to protect against the economic headwinds of the coronavirus pandemic.

Chinese online game developer NetEase had covered its HK$21.6bn ($2.8bn) secondary listing in Hong Kong multiple times over by the time GlobalCapital Asia went to press on Thursday. Investors have long awaited the company’s return from the US, pumping in orders as markets rallied despite numerous geopolitical headlines. Jonathan Breen reports.

Nordea Bank took advantage of very attractive conditions in the dollar market this week to price a new senior deal at a spread that was well below the fair value implied by secondary trading levels.

GVS, the Italian manufacturer of masks and filters, has confirmed that it is seeking to list on the Milan stock exchange this month.

Barclays was positively surprised at how quickly capital markets reopened and it wasted little time issuing senior and tier two deals while its treasury team were still working from home. The UK lender is likely to use the Bank of England's Term Funding for Small and Medium-sized Enterprises (TFSME) facility, which will lower its secured funding needs. The bank was well capitalised going into the crisis and has buttressed itself against the expected tide of credit impairments with a prudent level of provisioning.

Standard Chartered sold its first capital instrument in euros since 2014 this week, clocking up a considerable 40bp saving versus the dollar market. The deal adds to a recent flurry of tier two supply from European banks.

The head of the Prudential Regulation Authority (PRA) has sent a letter to banks confirming its guidance on how to provision for expected credit losses (ECLs) amid the coronavirus pandemic. The UK regulator also said that it would be asking for more information around loan loss provisions in an effort to identify "significant outliers" in the market.

Yinchuan Tonglian Capital Investment Operation Co, a Chinese local government financing vehicle, failed to meet its $300m funding target on Wednesday. Concerns around the company’s old ties to cash-strapped Shandong Ruyi Technology Group and troubles at other LGFVs dented investor support.