HSBC

Kuwait’s Burgan Bank has signed a $350m loan with a club of seven relationship banks to refinance borrowing done in 2015.

Beijing Jingneng Clean Energy has launched a $220m green loan into syndication, the first of its kind for the company.

HSBC’s two tranches of additional tier one (AT1) notes, with a combined size of $4bn, took the market’s attention this week, as Ibercaja Banco prepares for its own much smaller trade.

Russian gold miner Nordgold and coal company Siberian Coal Energy Co (Suek) signed syndicated loans in the week leading up to Vladimir Putin’s victory in the Russian general elections.

French supermarket group Carrefour returned to the equity-linked market on Thursday to sell a $500m equity-neutral convertible bond due in January 2024.

UK property company Hammerson has signed a new £1.5bn three year revolving credit facility, bringing in a dozen banks for a financing aimed at slashing the funding costs of its acquisition target, Intu.

Glencore, the Swiss-based mining and commodities group, issued a $500m seven year equity-neutral convertible bond on Tuesday that achieved terms described as very aggressive. It attracted around 100 investors, including a couple of sovereign wealth funds.

Despite bagging Rmb4bn ($633.2m) from the Chinese asset-backed securities market on Tuesday, GAC-Sofinco Auto Finance failed to attract offshore interest and priced the deal wider than it did in its last transaction. But these upsets have not affected the carmaker’s appetite for more onshore deals.

Details have emerged on £1.5bn of underwritten loans for the UK’s Phoenix Group, as the life assurance fund consolidator moves closer to its £3.24bn cash and shares purchase of Standard Life Aberdeen’s insurance arm.

Investors are receiving a decent concession to buy new paper in the FIG market, and this has encouraged them to jump out of outstanding bonds, thus widening the curve further for new issuers. And covered bonds buyers are also gaining the upper hand, as the European Central bank pulls out.

Hong Kong-listed New World Development has converted a loan signed in March 2016 into a green loan, a first of its kind for the company and in line with its plan to promote sustainability across its business.

GlobalCapital revealed the winners of its Equity Capital Markets Awards 2017 at our third annual Awards Dinner in London on March 20. CEOs and CFOs were present to collect Awards for landmark deals such as the UniCredit and Santander rights issues and the IPOs of Allied Irish Banks and Pirelli.