Banks

Hyundai Motor Manufacturing Indonesia nabbed $300m from a five year bond on Tuesday.

Kaisa Group Holdings closed a $500m bond this week, part of a liability management exercise.

Shanxi Securities Co sold a heavily anchored $200m bond on Tuesday, relying largely on Chinese banks for its second international deal.

A Chinese state-owned shareholder of Orient Overseas (International) has raised HK$840m ($108.2m) from the sale of a block of shares, according to a source familiar with the matter.

Standard Profil, the auto supplier which makes sealing for cars, was in the bond market on Tuesday looking to sell €275m of five year notes.

French borrower La Banque Postale (LBP) has visited the private placement market to raise tier two debt, which could go towards financing the call of its April 2026 line.

The first quarter results for UBS’s investment bank looked much like a repeat of rival Credit Suisse’s earnings last week, with strong underlying performance marred by a loss stemming from former prime brokerage client Archegos Capital.

Europe’s high grade corporate bond market bankers are expecting a rebound in issuance in the second half of the year, as macro data suggests business investment will soon pick up, whittling away at cash piles.

HSBC is mulling bolt-on acquisitions in wealth management, primarily in Asia, after capital was freed up by a favourable reassessment of credit losses stemming from the coronavirus pandemic.

Italy sold new three and 30 year dollar bonds through syndication on Tuesday as it continues to build out a curve in the currency.

Saudi Arabia's Red Sea Development Company has raised a green loan, marking the second deal of its kind raised in the kingdom and the first in local currency. Funds will be used to support the development of the country's new tourist attraction, the Red Sea Project.

Solidium, the organisation that manages the investments of the Finnish government, has reduced its stake in SSAB after the steel maker reported a strong set of first quarter earnings.