HSBC

The IPO of Siemens Healthineers was covered on day one of its bookbuild on Tuesday after its parent, Siemens, set a price range designed to please potential investors in the IPO of its medical technology division.

HSBC has wooed Mark Ma back to its leveraged and acquisition finance team in Asia, poaching him from Platinum Equity, a firm that specialises in mergers and acquisitions.

SSA borrowers are piling up in dollars. Swedish Export Credit Corporation (SEK) will bring a five year benchmark on Wednesday, coming on the heels of Oesterreichische Kontrollbank’s (OeKB) own deal in the tenor on Tuedsay.

Kommunekredit has printed a €1bn five year note — but two more SSA borrowers are lining up further out in the curve.

The State of North Rhine Westphalia broke its size record with a sustainability bond on Tuesday, printing €2.025bn and cutting 2bp from guidance to offer a skinny new issue premium.

Since Danish transport and logistics company AP Møller-Maersk last visited the bond market, both Standard & Poor’s and Moody’s have downgraded its ratings and put them on negative watch. However, it still managed to issue its longest maturity deal so far in euros, alongside a tender offer.

Union National Bank has tightened price guidance on its benchmark dollar five year bond.

The Government of the Emirate of Sharjah has launched a $1bn 10 year sukuk — the top end of the size and maturity range outlined for the deal.

Al Ahli Bank of Kuwait is beginning a roadshow to market a dollar Reg S-only perpetual non-call five year additional tier one bond.

Korea Development Bank found a very different response to its bond outing this week versus its last transaction in September, with investors eating up its $1bn fixed and floating rate combination deal.

China Development Bank Financial Leasing Co (CDB Leasing) sealed an opportunistic $100m tap on Monday. But like other borrowers that came to the market on the same day, paying a new issue premium was inevitable because of a weak backdrop and heavy expected supply.

China Minmetals Corp’s perpetual bond sale on Monday was a demonstration of the market’s strength after a volatile few weeks, but the deal came at a cost.