HSBC
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HSBC’s decision to reclassify four discounted perpetual bonds (discos) as fully eligible for tier two capital has led to holders asking for clarification and transparency from the bank. They also asked whether that eligibility status was really justified.
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Oman’s Bank Sohar has sent an invitation to banks to join a syndicated loan, as lenders jostle for mandates on a spate of deals in the Middle East.
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Industrial and Commercial Bank of China’s London branch issued a $1.5bn-equivalent green bond on Tuesday, becoming the third big Chinese bank to hit the offshore debt market with floating rate notes in less than a week.
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KfW will bring what bankers say will be the first “real jumbo test” for the market since a wave of Italy-led volatility hit bonds last week.
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The Basque Government’s return to bond markets on Tuesday after a more than two year absence suggested that investors are not duly concerned about Spain being caught up in volatility last week, with orders ploughing into the debut sustainable bond issue.
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Ireland’s Keywords Studios, which provides technical services for the computer games industry, has signed a €75m three year revolving credit facility with a trio of UK banks. It is ramping up its bank debt amid a period of growth.
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Carrefour, the French supermarkets group, sold Europe's second corporate bond deal of the week on Tuesday, as the market slowly recovered from the volatility of the previous week. There still remained some nervousness around market conditions, however, so Carrefour had to ensure it offered investors a healthy premium.
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Hyundai Capital America took advantage of investors’ newfound love of floating rate notes on Monday, sealing a $1.3bn triple-tranche deal led by a three year floater.
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Delachaux, the French railway equipment maker, has set the terms on its Paris IPO.
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The Basque Government will bring the first real test of investor appetite for Spanish public sector risk since a wave of Italy-led volatility hit the eurozone periphery last week, as it opened proceedings on an inaugural sustainable bond — its first issue of any kind in over two years.
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EPP, a Polish real estate investor specialising in shopping malls, has mandated banks for a euro bond, joining Atrium European Real Estate in the rush to issue the first non-financial corporate bond from CEE since early May.
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Investors flocked to Korea Western Power Co’s (Kowepo) $300m bond issuance on Thursday, finding a safe haven in the government supported credit.