HSBC
-
Sunac China Holdings tapped two of its dollar bonds on Thursday, using up the $320m left of its offshore issuance quota. -
European banks are running out of ways of selling senior bonds at positive yields. A near-miss from Svenska Handelsbanken this week was enough to convince the market that it’s only a matter of time before an issuer breaks the 0% barrier, write Tyler Davies and Frank Jackman.
-
Sub-benchmark deals are not so much of a novelty anymore: a trio of rare names filled their boots with diminutive deals this week, with each attracting bumper demand.
-
The European Union impressed once again this week as it sold the third and final bond of the year under its Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme.
-
-
-
Deal arrangers expect that next week will be the last real window for issuance in 2020, with investors set to close down activity from the middle of December.
-
Close Brothers returned to the public market after a two year absence on Thursday, launching a 10 year sterling deal from its operating company at a very flat level compared to its shorter dated bonds.
-
Ford Automotive Finance (China), Dongfeng Nissan Auto Finance Co and domestic Chinese originator BYD Auto Finance Co competed head-to-head in the onshore auto loan asset backed securities market this week, but a strategy of targeting different investors helped bankers manage the competing supply, Addison Gong reports.
-
Two public sector borrowers hit the euro bond market on Wednesday, raising what might well be the final benchmark funding of 2020.
-
Shopping mall operator Unibail-Rodamco-Westfield priced a €2bn dual tranche bond from €7.2bn of demand on Wednesday, after fixed income investors were left unfazed by its shareholders blocking a rights issue earlier this month.
-
Investors were delighted to add more exposure to Macquarie Group on Wednesday, after the Australian issuer returned to euros for its second senior deal of the year.
