UBS

Australia’s Spotless Group Holding, an outsourcing, laundry and linen services provider, is set to borrow loans worth around A$840m ($778.8m) after the company closes its initial public offering of A$1bn.

CLP Power opened the books for a perpetual non call 5.5 year issue on Monday morning. The issuer is making its subordinated bond debut as it looks to strengthen its balance sheet after announcing acquisitions at the end of last year.

State Grid Corporation of China returned to the market with a multibillion triple-tranche transaction on Monday morning. But despite nearly $10bn having already been absorbed by issues from other major Chinese state owned enterprises this month, bankers said there is still room for State Grid to do a jumbo deal.

Times Property Holdings reopened its debut dollar bond on Thursday after receiving strong anchor orders. Despite recent negative headlines surrounding the Chinese property sector, investors took a keen interest in the offering, allowing the issuer to quickly close the deal and even increase the deal.

The restructure and downsize of WH Group’s IPO at the eleventh hour was ultimately due to unwieldy competition within its enormous syndicate. As a result, the market is calling for the regulator to take action.

Italian insurer Assicurazioni Generali took advantage of a good market tone to offer a deal that combined features of recent success stories: subordinated insurance debt, and Europe's periphery.

The market for new equity issuance sprung back to life on Tuesday with the London launch of an IPO for Card Factory, as market confidence grew after some weakness in trading before Easter.

Nets, the Nordic payment systems and information services company, held a bank meeting on Thursday to market the €1.2bn-equivalent term loan backing its buyout by Advent International, Danish pension fund ATP and Bain Capital.

WH Group delayed, restructured and shrank what would have been a $6bn IPO this week, after revelations about corporate governance gave investors qualms. The situation was undoubtedly made worse, however, by the issuer's decision to use a 29 bookrunner syndicate — a record for a Hong Kong IPO.

Baosteel Group Corporation will start a series of investor meetings in the coming weeks for what will be China’s first exchangeable bond. While the roadshows will mainly be held in China, the deal — which could be worth as much as Rmb4bn ($644m) — is also being lined up for offshore investors.

China National Offshore Oil Corporation printed a $4bn triple-tranche bond on Wednesday night with investors flocking to the 10 year portion, which attracted a $9.4bn final order book.

Sinochem Hong Kong on Tuesday priced a $500m five year bond inside its existing curve, thanks to a trio of ratings upgrades which enabled the borrower to attract a high quality order book with a strong following by US accounts.