Banks

HSBC has chosen its new convertible bonds boss in EMEA from its own ranks, according to a source familiar with the matter.

Chinese healthcare company Jinxin Fertility Group has kicked off a week-long roadshow for its Hong Kong IPO, looking to raise up to HK$2.99bn ($381.4m) from the deal, said a source close to the situation.

BNP Paribas has promoted Paul Yang, the current head of Greater China, to be head of corporate and institutional banking (CIB) for Asia Pacific, according to sources.

Just two weeks after the IMF said it had reached a staff level agreement on the first review of Ecuador’s economic programme, the South American sovereign pounced on a positive start to the week in markets to issue $1.125bn of bonds that will be used to refinance debt due next year.

Peru will meet fixed income investors in the US on Tuesday and Wednesday as the new second best rated sovereign in Latin America prepares a dual currency bond offering that would include its first visit to dollar markets since 2015.

This week is set to be busy in Europe's investment grade corporate bond market, despite yet another dead day on Monday because of public holidays. Equities rose on Monday and sentiment is good; market participants have decided they are comfortable with what they got from the European Central Bank on Thursday.

European Investment Bank is out with a $1bn three year floating rate note linked to the secured overnight financing rate (Sofr) with a novel coupon structure, though bankers off the deal say it looks cheap.

The Inter-American Development Bank hit screens on Monday afternoon for a new June 2029 dollar benchmark. The note is the IADB's first 10 year benchmark of the year and other SSA issuers are circling, ready to enter the market if this deal goes well.

Umicore, a Belgian materials technology and recycling group, has sold US private placements via MUFG, according to sources. Continental European borrowers appear to be ramping up activity in the US private placement market once more, with Umicore following Brussels Airport and Ipsen.

Ukraine has mandated banks for a seven year euro-denominated benchmark bond, with the sovereign due to meet investors after a sharp rally in its bonds.

Barclays said on Monday that it has made Stephen Dainton permanent global head of markets, a position he took up on an interim business after a reorganisation of the investment bank in March.

JP Morgan has expanded senior bankers Kam Shing Kwang's and Jing Ulrich's responsibilities in Asia Pacific, according to an internal memo obtained by GlobalCapital Asia.