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  • CEE
    Two Turkish borrowers hit the market on Thursday, one returning to the market after a six year hiatus. Coming in the wake of a Koc Holding deal this week, the three deals make this Turkey’s busiest week for deals in almost three years.
  • Futu Holdings, the parent of Hong Kong-based Futu Securities, has pulled off the first IPO by a Chinese online brokerage. The company was on track to raise $160m on Thursday after making a late change to the deal, cutting the size of its float and adding a private placement to an international fund. Jonathan Breen reports.
  • Intesa Sanpaolo is set to return to Japan to sell a second series of securities in the Tokyo Pro-Bond market, after opening the market for the first time for Italian issuers in February 2018.
  • Xinyi Group (Glass) Co has launched a block trade of Xinyi Solar Holdings shares,. The company is looking to raise up to HK$1.35bn ($172.3m), according to a term sheet seen by GlobalCapital Asia.
  • Poland has released a draft capital markets development strategy, that aims to improve corporate governance, including at state-controlled firms, and foster a savings culture.
  • Only a week after the Shanghai tech board rules came out, onshore companies have started to prepare listing documents and the Hong Kong Stock Exchange has proposed bringing international investors to the market. But onshore companies may not be ready.
  • Chinese premier Li Keqiang has told the country’s banks they need to increase their lending to small companies. But the details are fuzzy. Pan Yue reports.
  • Singapore-based internet company Sea has raised $1.35bn after boosting the size of a follow-on offering of American Depository Shares (ADS).
  • Chinese internet company Ruhnn Holdings is planning to list American Depository Shares (ADS) on the Nasdaq.
  • Indian energy company ReNew Power sealed a $375m bond sale on Tuesday with the help of a new, direct issuance structure. But although the notes were deemed to be more issuer-friendly than ReNew’s previous transaction, many were left puzzled by the borrower’s complicated approach to offshore fundraising. Morgan Davis reports.
  • An affiliate of the concessionaire operating Quito’s new airport will look to break more than the three week hiatus in Latin American new issues on Thursday with an amortising trade that looks set to come well wide of the Ecuadorean sovereign.
  • Bank of China paid a visit to the euro bond market on Wednesday, raising €500m through its Paris branch. It was just the latest Chinese financial institution to fund in the currency.