HSBC
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Deutsche appoints north Asia loans head – Roch jumps to StanChart – Change of guards in HSBC Philippines, Singapore -
Kookmin Bank issued the first sustainability bond from a South Korean financial institution on Tuesday, raising $300m from a deal that was covered more than six times.
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Mongolia received a huge vote of confidence from investors on Tuesday, when the Development Bank of Mongolia raised $500m from a bond that received orders exceeding $4bn at its peak. The country’s turnaround story and the issuer’s savvy around execution helped cement the transaction.
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The Autonomus Community of Andalusia received plenty of demand for its first syndication in over seven years on Wednesday, allowing the issuer to increase the size of its deal and tighten pricing.
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The Autonomous Community of Andalusia has mandated banks for what Dealogic data shows is its first syndication since May 2011.
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Bank Nederlandse Gemeenten and KfW mandated banks on Tuesday for euro issues at opposite ends of the curve.
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Chinese state-owned enterprise (SOE) Shandong Gold Group Co achieved size with its three year outing on Monday, raising $600m. Another government-linked entity in the province, Weifang Urban Construction and Development Investment Group Co, debuted in the offshore market with a $250m trade.
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British drinks manufacturer Diageo sold its largest euro corporate bond deal to date on Monday, when it sold a €2bn triple tranche deal. The proceeds are expected to be used to fund the share buy-back programme the company announced earlier in 2018.
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The advance of global warming, highlighted by the Intergovernmental Panel on Climate Change’s report this week, not only demands that the private sector accelerate efforts to cut carbon emissions. Companies must also adapt to the changing climate – and this will involve interacting in new ways, experts say.
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The People’s Republic of China, acting through its Ministry of Finance (MoF), priced a $3bn return to the international bond market, pushing out its maturity profile to 30 years. But a weaker backdrop meant that the order book was not as strong as its dollar trade last year.
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Vietnam’s Vinfast Trading and Production has raised a $950m guaranteed term loan to help it buy machinery and equipment from nine German suppliers.
