Deutsche Bank

Hong Kong listed Semiconductor Manufacturing International Corp (SMIC) raised HK$1.55bn ($200m) on Wednesday from a top-up placement that was complemented by a $95m tap of the company’s 2018 convertible bond.

Zurich Insurance took to its home market on Monday to sell hybrid bonds, feeding Swiss investors’ demand for an asset class that has seen little supply in the first half of 2014. Dutch lender ABN Amro tapped the market the same day, selling a floater at the short end of the curve.

China Overseas Land and Investment (COLI)’s dual tranche tap went ahead as planned on Wednesday but reverse enquiry meant that the borrower added a new 20 year bond mid-way through the process. The new bond also doubled the size of the issue to $1bn.

Kazakhstan Temir Zholy (KTZ), the Kazakh state owned rail company, and Panamanian lender Global Bank both made their Swiss franc debuts this week. While attractive yields have made emerging market credits popular with Swiss investors, both borrowers struggled to appeal to institutional accounts and were forced to print smaller than expected deals.

HSBC has become the second lead bank to drop out of a loan of up to $2bn for a special purpose vehicle linked to oil firms Rosneft and BP.

The Republic of Korea returned to the euro market for the first time in eight years on Tuesday pricing a dual tranche trade that also included a dollar leg. Out with its first ever 30 year bond, the sovereign was able to create one of the flattest dollar curves among its peers. However, it was happy to leave some money on the table for the euro tranche having been away for so long.

Kazakhstan Temir Zholy (KTZ), the national rail company of Kazakhstan, is set to make its Swiss franc debut on Wednesday afternoon, selling a dual tranche deal. A lack of demand from institutional buyers is likely to limit the size of the deal, though the issuer could look to tap the deal quickly if interest in the grey market is strong enough.

Carlos Slim’s telecoms group América Móvil sold the first global local currency bond from Latin America for over a year on Monday, overcoming the concerns of some investors about the poor liquidity in the notes.

Lloyds Bank has left its role as mandated lead arranger on a loan of around $2bn for a special purpose vehicle linked to oil firms Rosneft and BP.

The Republic of Korea opened the books for a dual tranche dollar and euro denominated issue on Tuesday. The SEC registered deal is the first dual currency transaction from Korea and from an Asian sovereign since 2006.

Cosmo Lady enticing investors with $200m IPO — Franshion to start PDIE for $400m hospitality spin-off — Frasers Centrepoint on the road for S$600m trust — Samsung Everland plans IPO

Air France-KLM is preparing to issue a new bond, just as Ryanair, an airline that is in many ways from the other end of the spectrum, is also roadshowing for its first ever bond.