Deutsche Bank

A heavyweight agency is set to print a debut green bond next week, having thrown its hat into the green financing ring this week by mandating banks for an innovative deal that uses a state of the art format to allow investors to record the impact that their money is having.

DBS Group, the holding company of Singapore’s DBS Bank, returned to the dollar market on Wednesday with a surprise $1.25bn dual trancher. Although the issuer had launched with only a five year fixed rate bond, it added a five year floater during execution after healthy investor appetite.

Asian bond issuers just can't get enough of the euro market. This week it was the turn of India's ONGC Videsh to tap the currency, but it did so in unexpected fashion, launching a dual tranche dollar deal and tacking on a debut euro leg late in the process. From a pricing perspective, the tactic looked to have paid off — and the $2.2bn-equivalent deal was India's biggest G3 issue, writes Virginia Furness.

Banco Popular Español postponed the sale of its second additional tier one (AT1) deal after launching the deal into a sell-off in the AT1 market that became progressively worse over the course of the morning. The Spanish bank was looking to sell the transaction at a level market participants said was surprisingly aggressive.

Chinese passenger vehicle manufacturer BAIC Motor Corp has filed its preliminary prospectus for a Hong Kong IPO, in a deal that will raise between $1.5bn and $2bn.

Deutsche Bank is set to hire BNP Paribas's Vikram Gandhi for its capital structuring team.

DBS Group has opened guidance on a new senior dollar bond. Bookrunners DBS, Citi, Deutsche Bank and Goldman Sachs announced guidance for the five year bullet in the high 60s on the morning of July 9.

Brazilian development bank Caixa Econômica Federal is set to return to the bond market with Basel III compliant subordinated tier two trade after mandating banks for a roadshow set to start on Wednesday.

Ferrovial, the Spanish company that calls itself the world’s leading private investor in transport infrastructure, issued a €300m 10 year bond on Tuesday, in a tough market.

The longevity swap market has seen increased volume within the last four months, with between four-to-five transactions being placed.

Scentre, the new Australian listed property company that holds the Westfield Group’s Australian and New Zealand shopping centres, issued its first bonds today, and turned to the European market. Despite a weak day, it exceeded its target of €2bn, finding strong demand for a rare four tranche issue in euros and sterling.

Private healthcare group Generale de Santé will hold a bank meeting this week for a €1.75bn loan to back its takeover by Ramsay Santé.