UBS

Aviva is considering an extra tranche of subordinated debt even longer than the 30.5 year non-call 10.5 it has already hired banks to sell, while a Norwegian insurer has also mandated in euros.

Three overnight block trades out of Hong Kong found ready buyers when they hit screens on May 19 as investors continued to add to their China exposure and shareholders reaped the rewards of a buoyant market.

HTSC will close books on its jumbo HK$34.72bn ($4.48bn) IPO at 4pm Hong Kong time on May 21, with investors showing few signs of price sensitivity and putting the listing on course to be Asia ex-Japan’s largest IPO so far this year.

China Aoyuan Property Group priced a $250m bond this week, proving that sentiment has improved to the point where the market is ready to embrace lower rated property developers from China.

Beijing State-owned Assets Management (BSAM) successfully printed its first international bond on May 18 on the back of strong demand. Investors piled in to get their hands on a Beijing-linked state-owned entity.

Chinese brokerage house HTSC was the toast of the town as it opened books on Monday, with the HK$34.72bn ($4.48bn) IPO attracting a whopping 13 cornerstone investors that included some of Asia’s tech luminaries.

Adecco, the Swiss recruitment and employment agency, highlighted strong demand for corporate bonds in the eight year part of the euro curve on Monday.

Beijing State-owned Assets Management (BSAM) and ICBC's Dubai branch are venturing out into the dollar bond market for the first time.

China’s decision to lower its deposit as well as lending rate on May 10 has prompted a recovery in the country’s capital-hungry real estate industry. And China Aoyuan Property Group is looking to take advantage of the improved sentiment to price a three year bond on May 18.

China Minsheng Banking Corp (CMBC) made its debut in the dollar bond market on May 14 and, thanks to strong demand from Chinese banks, it was able to price tighter than its better rated comparable — and bulk up the size.

Despite choppy markets leading to a quiet week for corporate issuance, the pipeline remains strong with several new issuers announcing roadshows for deals set to be launched this month.

Banca Monte dei Paschi di Siena is set to launch its long-awaited rights issue, for up to €3bn, later this month, after the European Central Bank gave approval for the deal on Wednesday.