HSBC

The European Union (EU) began its funding for the year on Wednesday, later than other public sector borrowers. With a €250m syndication to finance disbursements to Tunisia and Jordan as it adapts to a smaller borrowing programme.

Phil Lipton, a veteran banker who is a well-known figure in Asia’s syndicated loans market, has left HSBC, bringing an end to a 15-year career at the firm. Pan Yue and Rashmi Kumar report.

Motability Operations Group, the UK company that operates the UK government's scheme to provide cars for the disabled, printed a £1.438bn-equivalent euro and sterling three tranche bond on Wednesday, in a busy day that also brought a €1bn two part issue from OMV, the Austrian oil and gas company.

The board of BCA Marketplace, a UK second hand car trading website, announced on Wednesday that it would recommend a £1.9bn offer from TDR Capital to take the company private. BCA owns the WeBuyAnyCar.com website.

Broader volatility could not interrupt Latin America’s rediscovered bond market momentum, as Mexican real estate investment trust (REIT) Fibra Uno tapped international investors for the first time in three years on Tuesday.

Prologis European Logistics Reit, the A3/A- rated warehouse real estate investment trust, returned with its second green bond on Tuesday, having issued its first in March 2018.

France’s Korian has amended and extended its bank facility, with the nursing home operator cutting the size to €1bn and a chunky wedge off the margin.

The Bank of Bahrain and Kuwait has picked banks for a dollar benchmark, following a roadshow.

The Democratic Socialist Republic of Sri Lanka made a quick return to the dollar market on Monday, raising $2bn just a few months after sealing a larger $2.4bn offering.

Fosun International has raised a larger-than-expected $700m to help fund a tender offer that will close next week, while Kaisa Group Holdings was in and out of the market with a $500m tap of two existing bonds.

Fibra Uno, the largest and most diversified real estate operator in Latin America according to Fitch, could price a new dollar deal as soon as Tuesday.

State-owned Argentine oil and gas company YPF became the first borrower from the country to tap international bond markets in 14 months on Monday. Yet despite a healthy reception from investors, bankers do not expect copycat trades from other Argentine issuers.