Bank of America

German automotive supplier Schaeffler AG on Thursday announced a €1.5bn-equivalent dual currency three tranche bond issue, designed to opportunistically refinance high coupon debt.

The additional tier one market took on another entrant on Thursday with the launch of Standard Chartered’s debut, which brought in a book size reminiscent of the halcyon days of the asset class in late 2013 and early 2014.

Export-Import Bank of India (India Exim) priced a landmark transaction this week, raising $500m from the country’s first dollar-denominated green bond. With strong government support and more companies looking to issue, the green initiative is expected to blossom in India, writes Rev Hui.

Hyundai Capital Services has returned to the offshore debt market, pricing a 5.5 year dollar bond on March 23. The rarity of high quality Korean corporate credits, the name value of Hyundai, as well as a recent rating upgrade, attracted strong demand, allowing the Korean issuer to achieve its size and pricing aims.

Citi has hired Catherine Cai from Bank of Merrill Lynch to take charge of its investment banking business in China.

Standard Chartered started taking orders from investors for its first ever additional tier one (AT1) bond on Thursday, having gauged investor sentiment in Asia, Europe and US earlier in the week.

The spate of very large and strategic block trades has continued this week, with sales of stock in Accor, Dassault Aviation, the London Stock Exchange and Havas, totalling an expected €5.2bn.

German IT company SAP has completed the long term financing for its acquisition of Concur, the US expenses software firm, with a €1.75bn floating and fixed rate bond.

A German agency looks set to be the only SSA issuer to test demand in dollars this week, after mandating banks on Wednesday for a five year deal.

German online directories and listings company Scout24 set out price guidance on a €400m add-on loan on Tuesday, pushing leverage up after a stellar year’s performance.

Akbank paid 12.5bp NIP for a rare 10 year senior bond from a Turkish bank on Tuesday, the bank’s second appearance in the international market this year.

Citi has hired Catherine Cai from Bank of Merrill Lynch to take charge of its investment banking business in China.