UBS

J2 Acquisition Ltd, the latest cash shell vehicle of Martin Franklin, completed its London IPO on Thursday, raising $1.25bn for acquisitions in unspecified countries and sectors.

One of the most widely anticipated IPOs in the EMEA region got going on Thursday when EN+ Group, the Russian power and metals business controlled by Oleg Deripaska, said it would sell up to $1.5bn worth of global depositary receipts in London and Moscow in November.

After a year-long barrage of regulatory intervention, Chinese corporates are re-emerging on the international deal making scene, and this time they are here to stay, writes David Rothnie.

India's Apollo Tyres hit the market with a qualified institutional placement on Tuesday, aiming to add up to Rp15bn ($229.6m) to its coffers.

Chinese micro-lender Qudian has launched bookbuilding for its IPO on the New York Stock Exchange, which could raise up to $825m, according to a banker close to the deal.

Thailand’s TOA Paint has raised Bt12.2bn ($363.9m) from an IPO that was flooded with demand from foreign and domestic investors, driving pricing to the top of guidance.

Lionbridge Capital Co made a triumphant return to the dollar bond market on Thursday, closing a $160m deal it was forced to cancel earlier this year. But the market was not open to all-comers — Nan Hai Corp cancelled a mooted deal.

CMS Info Systems plans to raise about Rp12bn ($184m) from its India IPO and could open books before the end of the year, said bankers on the deal.

Chilean credit union Cooperativa del Personal de la Universidad de Chile (Coopeuch) joins the ranks of Chilean borrowers welcomed into the Swiss franc bond market. Thursday’s outing further illustrates that the love affair of the Chilean borrower and Swiss buyer not only endures but burns brightly.

Bank of Montreal (BMO) raised A$800m selling Australian dollar bonds for the first time on Wednesday. The rising flows of Asia Pacific investors is making the Australian dollar market a useful source of diversification for financials and corporates alike.

Four firms from Asia ex-Japan are taking bids for their dollar bonds, including Lionbridge Capital Co, Nan Hai Corp, Overseas Chinese Town Enterprises Company as well as Malaysia’s Yinson Holdings.

Bawag, the Austrian banking group that has been owned by Cerberus since 2007, will attempt to go public in Vienna this autumn, with an IPO that will provide a serious test of the strength of investor demand for the European banking sector.