Citi

The European corporate bond market had already seen plenty of fireworks by Wednesday but there was no let-up on Thursday.

Citigroup, HSBC, RBS Citizens and Santander USA have failed stress tests, and face having to resubmit capital plans, after the US Federal Reserve failed them for stress tests.

Damac Real Estate Development has lined up roadshows as it plans to issue a debut dollar sukuk.

Middle East dollar sukuk will be firmly back on the menu from early next week, with investors sizing up both prime steak borrower Saudi Electricity Co and nouvelle cuisine Damac Real Estate Development.

Kimberly-Clark de Mexico is to roadshow in the US and Europe for a 144A/RegS dollar bond, which would be its first international benchmark issue.

Italy’s UniCredit is about to become the first bank to sell an additional tier one deal since KBC Group’s transaction pushed market boundaries two weeks ago. UniCredit's deal also follows a period of repricing during which investors have pushed back on yields.

Damac Real Estate Development has lined up roadshows as it plans to issue a debut dollar sukuk.

Hong Kong’s stuttering IPO market is set for a much needed boost, with Chinese technology company Baioo Family Interactive having started marketing its HK$1.84bn ($237m) flotation on Wednesday. Bankers think the deal gives investors a chance to escape some of the recent disappointments in the city.

Export-Import Bank of India printed a $500m 5.5 year bond on Monday night from an orderbook that at its peak was more than six times subscribed.

Capital raising by Japanese banks has burst into life over the past week as the first two lenders to raise Basel III debt made their tier two debuts. And thanks to Japan's favourable point of non-viability (PONV) regime, the pair managed to secure blink-and-you’ll-miss-it premiums over legacy bonds.

Sumitomo Mitsui Financial Group printed the second US dollar Basel III tier two offering from a Japanese bank on Wednesday night. With most of the price discovery carried out by its predecessor Mizuho, the issuer was able to execute the deal in a brisk fashion.

Bond and equity activity slumped in the first quarter of this year with both posting double digit falls in trade volume. However there are some bright spots with offshore renminbi activity reaching a record and technology stocks in vogue.