HSBC

ICBC Financial Leasing broke the silence in Asia’s offshore bond market on Tuesday, returning with a popular $1.5bn dual-tranche floating rate transaction that served as a reminder of just how enthusiastic investors can get when there is the opportunity to hedge away interest risk.

Goldman Sachs-backed ReNew Power is seeking the greenlight for its IPO, having filed a draft red herring prospectus with the Securities and Exchange Board of India on Tuesday.

The IPOs of two Turkish retailers, Beymen and DeFacto, were cancelled at the end of last week, after failing to attract enough demand to cover the shares on offer. A third IPO, Şok Marketler, was extended to Wednesday May 9. All three were seeking to list in Istanbul.

HSBC announced changes to clean up its regulatory capital profile in results last Friday. But it was accused of favouring shareholders over debtholders by issuing additional tier one (AT1) debt at the same time as buying back equity.

Real estate developer Vinhomes priced its D30.7tr ($1.35bn) listing at the top of guidance on Monday in Vietnam’s largest equity offering to date, according to a banker on the transaction.

Property firm Greentown China Holdings has returned to the offshore debt market for a $630m term loan to refinance a similar deal sealed in 2016.

The underperformance of China Aoyuan Property Group’s bond on Thursday cast a shadow over new issues from Yuzhou Properties Co and Fantasia Holdings Group Co, with pretty muted responses for both deals.

London-listed Ophir Energy has agreed a bridge loan to back its $205m acquisition of southeast Asian assets from Australian oil and gas company Santos.

Natixis has hired a banker to cover Nordics and the Netherlands within its debt capital markets team for financial institutions.

HSBC has hired Société Générale's Hubert Preschez as co-head of global banking in France, to start in September.

Indonesia’s Federal International Finance raised $300m from its first dollar bond on Wednesday, managing to tighten pricing marginally despite investor pushback.

Some investors are betting on UK bank debt to outperform the rest of the FIG market this year, despite the risks around the country’s departure from the European Union.