Banks

Jack Ang is leaving his position as director of bond syndicate at Société Générale to join ANZ, GlobalCapital Asia understands.

IDB Invest is out with a no-grow $500m three year floating rate note after completing a series of investor meetings. The trade will come after Kommuninvest and NRW.Bank issued in that part of the curve over the last week.

The Brussels IPO of Shurgard Self Storage, the largest operator of self-storage facilities in Europe, is covered, less than three working days into the bookbuild.

The Schuldschein market processed €8.3bn of deals in the third quarter — more than in the whole first half of 2018 — as rising interest rates and higher spreads in the bond market have brought borrowers back.

Fortune Choice is tapping the offshore loan market for a HK$5.2bn ($664m) fundraising to support the development of a residential building in Hong Kong.

Banque Fédérative du Crédit Mutuel and Société Générale were both selling multi-tranche senior deals in the yen market this week, as the volume of Samurai bond issuance in 2018 surged past last year’s full year total.

Petrochemicals company Saudi Basic Industries Corporation (Sabic) and Qatari bank Al Khalij Commercial Bank printed bonds on Tuesday with no sign of investors wearying of Middle Eastern supply despite $12.5bn having been sold from the region since the start of September.

Paul Fulcher, who previously worked in asset-liability management (ALM) structuring and insurance solutions at Nomura, has joined Milliman.

The Republic of Albania returned to the capital markets for the first time in three years on Tuesday, selling a euro benchmark.

Quite often, a record period of issuance comes to an abrupt halt as investors require a period of time to digest the volume of issuance, allow for some performance of the bonds they have bought and cash piles to replenish. After a record third quarter in the euro corporate bond market however, investors are keen for more.

Innovent Biologics is gauging investor appetite for an IPO in Hong Kong that could hit screens by mid-next week, according to a banker on the trade.

Osotspa’s Bt15.1bn ($465m) IPO in Thailand is heavily oversubscribed with pricing expected to come near the top of expectations.