UBS

Chinese property companies Times China Holdings and Golden Wheel Tiandi Holdings Co took a combined $470m from the bond market on Monday.

With SSA issuers' programmes rising to accommodate their responses to the coronavirus pandemic, the volume of deals transacted in niche currencies is closing in on a record high. With offshore interest in local currency deals healthy, however, many major banks are missing out on a busy and increasingly active market.

OcuMension Therapeutics hit the market on Monday with its HK$1.55bn ($200m) IPO, the latest in a stream of healthcare sector listings on the city’s stock exchange.

Two Asia-focused special purpose acquisition companies (Spacs) are looking to list on the US stock market.

AMS, the Austrian sensor maker, failed on Friday to complete its €1.3bn bond issue in euros and dollars, and has been forced to postpone it a second time. The deal was originally priced on Thursday afternoon but execution was then halted by a rash of news reports at around the same time, alleging that its executives were being investigated over trading in the company's shares.

Chinese education company New Oriental Education & Technology Group has sold its maiden dollar bond shortly after receiving its first credit rating.

Cambodian casino company NagaCorp sold a new dollar bond – and only the second from the country – this week, raising $350m.

China Aoyuan Group used up the last of its debt issuance quota this week to raise $460m from the bond market.

European banks jumped into the US dollar market this week, with some issuers clocking up huge savings in the currency versus what their home markets could offer.

The Covid-19 outbreak has spurred at least one change for the better. Five banks have established dedicated ESG teams since the start of the pandemic to meet demand from clients committed to being more conscientious, writes David Rothnie.

Royal Bank of Scotland and ING were set on Wednesday to add to a recent run of dollar bond issuance from European banks, with some issuers having clocked up huge savings in the currency versus what their home markets can offer.

The second slice of the ThyssenKrupp Elevator financing hit the market on Wednesday, with €4bn of bonds announced across secured and unsecured tranches in dollars and euros, joining the €3bn of loans earlier this week as part of the package to fund Europe’s largest LBO in a decade.