HSBC

Bank of China offered something exciting to the debt market on Thursday by selling green bonds as well as the first sustainability note from a Chinese issuer.

US corporate bond bankers are hoping for a rebound in supply in June, after the high grade new issue market limped to the end of May.

Chinese alternative investment firm Citic Capital Holdings has approached the loan market for a new HK$2.5bn ($318m) borrowing.

Chinese footwear brand Belle International is returning to the offshore loan market to amend and extend a borrowing signed last year, as well as to raise funds for dividend recapitalisation.

General Motors’ Shanghai-based joint venture is gearing up for its biggest securitization transaction in China. The Rmb10.4bn ($1.62bn) notes will be up for grabs not only for onshore investors, but also those tapping the market via Bond Connect.

Bond market havoc following the Italian president’s decision to appoint a technocratic government has shut the euro market for most public sector borrowers. Volatile swap spreads are making issuance near impossible, while an “enormous” flattening in Italy’s curve is of particular concern for that sovereign, said one head of SSA syndicate.

Germany’s JAB Holdings has agreed to buy the UK’s Pret A Manger for a reported £1.5bn, though lenders are unsure whether this marks the beginning of a wave of consolidation in the ready to eat food market.

HSBC’s financial sponsors team has been hit with another departure in a move linked to the ousting of Matthew Westerman as co-head of global banking last year.

HSBC has hired a banker from BNP Paribas for its public sector origination team.

State Bank of India has launched a new $750m three year borrowing into general syndication, about two months after mandating banks to run the transaction.

HSBC has wooed two bankers from rival bulge bracket firms to join its equity capital markets desk as it beefs up its equities franchise in Asia, said sources close to the moves.

Singapore’s Mapletree Logistics Trust raised S$220m ($164m) from a primary offering after pricing the units at the best end of terms for the issuer.