HSBC

A senior member of HSBC’s EMEA leveraged finance team has left the bank, according to sources.

Two A-rated corporates went head to head in the euro corporate bond market on Monday as UK pharmaceutical giant GlaxoSmithKline and US electrical systems manufacturer United Technologies Corp both launched triple-tranche deals, with two matching maturities, which totalled €4.5bn.

Israel Chemicals, a leading global specialty minerals and chemicals company, has named leads for a rare long dollar deal, combined with a tender offer.

Bank Gospodarstwa Krajowego, the State Development Bank of the Republic of Poland, is marketing a dual tranche euro bond.

HSBC took home $6bn from a callable bond issuance on Thursday, after Barclays opened the callable market for jumbo Yankee issuers earlier in the week.

GlaxoSmithKline added to the crush of red hot dollar bond supply this week, as borrowers began a spring stampede to lock in funding ahead of a likely rate rise next month.

The project company widening London's orbital motorway is set to refinance a roughly £1bn syndicated loan with public bonds in the coming weeks.

Daimler, the German car manufacturer, has raised more than €7bn equivalent from three different corporate bond markets within two weeks of announcing its quarterly results on April 27. The sterling market was its focus on Wednesday and it received as strong a response as it did in the other two sectors.

African Export-Import Bank is setting off on a dollar roadshow to market a benchmark, Reg S dollar bond with a tenor of five to seven years.

National Bank of Egypt (NBE) is due to launch a dollar denominated three year loan imminently.

Bank of Communications Hong Kong branch priced two dollar floaters alongside a Hong Kong dollar fixed rate bond on Wednesday, raising close to $1.7bn. A local government financing vehicle from China, Guangzhou Finance Holdings Group Co, wrapped up a $250m maiden bond.

Daimler, the German car manufacturer, has raised more than €7bn equivalent from three different corporate bond markets within two weeks of announcing its quarterly results on April 27. The sterling market was its focus on Wednesday.