Banks

Though neither DNB Bank nor Länsförsäkringar Bank (LF Bank) were flooded with orders for new five year senior bonds on Tuesday, the Nordic pair were able to place their deals in the market comfortably.

BBVA was offering a healthy new issue premium to get the ball rolling on its latest sale of additional tier one capital, but the Spanish issuer was able to swing pricing tighter after investors shrugged off its Turkish exposures and flocked into the order book.

Korian, the French operator of care homes for the elderly, has raised €60m via a tap of the popular €240m perpetual hybrid convertible bond it issued in June 2017.

National Bank of Oman will sell a new five year benchmark on Tuesday, following a tender offer completed on Monday.

Japanese issuers are not frequently seen in the European corporate bond markets, but this week could have two companies going head to head with benchmark euro transactions. Japan Tobacco will sell its first new issues in Europe, while Toyota is better known to investors on the continent.

The Islamic Development Bank has announced a five year sukuk benchmark in dollars, which leads expect to price on Wednesday.

African Export-Import Bank (Afreximbank) has for the first time turned exclusively to the Korean banking market to sign a $150m club loan.

HSBC Holdings took advantage of an open window for issuance in the Singapore dollar bond market, raising S$750m ($546m) from a Basel III-compliant additional tier one deal on Monday. But potential issuers still looking to tap the currency may need to adjust their expectations.

Japan’s Hitachi Capital Corp has added to the recent flurry of issuance in offshore renminbi, bagging Rmb600m ($87m) on Monday from its second CNH transaction in a year.

China’s O-film Tech is tapping offshore lenders for the first time for a $100m term loan, hitting the market amid escalating tensions between the US and China.

HSBC Securities Services has appointed two global co-heads — one of them a well-known figure in the debt capital markets.

China Construction Bank and Shanghai Pudong Development Bank Co’s Hong Kong branch rolled out floating rate notes on Monday, grabbing both dollar and euro investors’ attention.