Bank of America

Woori Bank printed the first US dollar Basel III tier two bond from a South Korean issuer on Wednesday night. A big order book helped the borrower to tighten initial guidance by 30bp, the largest margin for an Asian issuer issuing a Basel III compliant security.

The National Bank of Greece is set to price its five year senior unsecured bond inside where the Greek government’s recently issued five year sovereign bond is trading, as the exuberance of the peripheral recovery story continues.

Woori Bank opened the books for the first dollar denominated Basel III deal from a South Korean bank on Wednesday morning with a 10 year bullet tier two bond.

Russian Tatfondbank’s $70m Reg S private placement was sold to around seven to eight investors, with an average ticket size of $10m, according to a source close to the deal.

Korea Expressway added to week's rush of issues, pricing a three year bond on Tuesday. While it was by no means the standout deal among the likes of Sinochem and Tencent, the bond attracted a good spread of investors and performed well in secondary markets.

Union Bank of India launched its latest bond into a busy market yesterday, pricing with a new issue concession to help allay investors concerns after the heavy sell-off of State Bank of India’s recent bonds.

San Miguel Corporation’s Power Holdings looks set to return to the dollar bond market and has mandated banks to arrange a series of investor meetings.

Korea Expressway Corporation is back in the market with a three year transaction on Tuesday as Korean credits come out in force with mandates and new issues.

Union Bank of India is set to become latest Indian bank to tap the international bond market and has announced guidance on a new 5.5 year bond. Bankers are confident that the recent sell-off in SBI newest bond will not and that Indian credits remain in favour.

Woori Bank is set to continue the rush of Basel III compliant tier two paper having mandated banks for a transaction which is expected to launch Wednesday.

Chinese technology firm Tencent launched its first dual tranche transaction on Tuesday morning. The issue follows the establishment of a new $5bn GMTN programme by the issuer last month and is likely to raise more than $1bn sets its sights on the US investor base.

Singapore’s second IPO of 2014 generated plenty of interest and bids from investors although it was not enough to help PACC Offshore Services Holdings price its S$389m ($310m) trade in the upper half of guidance.