HSBC
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HSBC is preparing to open up its 'MyDeal' app to clients, following a successful trial on more than 30 deals in the first seven months of the year, it said on Monday. The app brings together roadshow logistics, deal feedback, client orders and deal pricing — and will eventually feed a "data lake" in the bank’s DCM business.
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KWG Group Holdings raised $350m from a three non call two year bond on Tuesday, but an aggressive tightening of 32.5bp resulted in the order book dropping by half from its peak.
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Singapore’s Wilmar International has bumped up the size of its dual-tranche borrowing to $1.8bn after attracting 24 participants during syndication.
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State-owned China Merchants Port Holdings Co (CMP) closed a $1.5bn dual-tranche transaction on Monday, attracting a final order book of $8bn. The deal put an end to a months-long drought of 10 year supply by Chinese issuers.
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South Korea’s Woori Bank returned to the debt market on Monday, raising $300m from a Basel III-compliant tier two bond.
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HSBC has named Surendra Rosha as chief executive officer for its India operations, replacing Jayant Rikhye who is on a leave of absence for medical reasons.
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French laboratory testing company Eurofins Scientific and Italian tyre company Pirelli have closed Schuldscheine totalling more than €1bn in the past week.
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Ford's Chinese auto lending subsidiary is selling a Rmb4bn ($587.1m) securitization in the renminbi market later this week, coming to the market a fortnight after Nissan. The originator is deploying the fixed-and-floating combo used by Nissan — a tactic which will help the company broaden its investor base, say bankers.
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Chinese internet firm NetEase is tapping the international loan market for the first time, seeking a $500m revolving credit facility.
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Industrial Bank of Korea has sold its first social bond, but only after months of waiting for the market to calm.
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Beijing Capital Grand closed a successful $400m floating rate bond on Thursday, after waiting weeks for a market window. But the transaction fell flat in the secondary market after a bookrunner’s withdrawal from the trade spooked investors.
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Reliance Industries has made a quick return to the offshore loan market with a $2.7bn refinancing deal, having picked 17 banks to act as mandated lead arrangers and bookrunners.