Bank of America

John Cavanagh, head of DCM product solutions and liability management in EMEA for Bank of America Merrill Lynch, has left the firm.

Hong Kong Telecommunications (HKT) is making its first syndicated bond foray in two years after opening books to a 10 year trade on Monday.

Standard Chartered has successfully sold its first AT1 bond though a less investor-friendly structure meant it was forced to pay up compared to a recent deal from rival HSBC. But investors were undeterred as the bond managed to attract a $22bn order book – the largest ever for a single tranche AT1 bond, say bankers.

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.

HSBC's additional tier one bond, sold this week, included a feature that helps insulate issuers from secondary market volatility, and which bankers say is destined to become broadly used in the asset class, writes Graham Bippart.

KfW equalled its largest ever size for a five year dollar benchmark on Thursday, in its first visit to the belly of the curve in over a year.

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.