HSBC

Three Chinese issuers hit the market on Tuesday with dollar deals, but each saw a very different outcome. One company sealed a successful trade, another locked up a private placement style bond, while the third was forced to pull its transaction.

Hisense (Hong Kong) Co, a consumer electronics maker and supplier, has wrapped up its maiden $300m international loan, finding demand from a 10-strong syndicate group.

China Orient Asset Management Corp launched a multi-tranche fixed and floating rate dollar transaction on Wednesday morning.

This week, bankers and investors in the European high yield market sounded a message of confidence to potential issuers of bonds with triple-C ratings, even after BMC cancelled one such deal.

State-owned Indian lender Punjab National Bank has wrapped up a Rp50bn ($775m) capital raise through a qualified institutional placement (QIP), according to a banker on the deal.

Three Chinese issuers hit the debt market on Tuesday, launching dollar deals. While the pace of new issuance is beginning to slow down, there appears to be no end in sight for the primary bond market.

Charges levelled against HSBC by the US Department of Justice have expired, according to a statement fhe bank.

Abu Dhabi National Oil Co attracted good international participation to the $850m IPO of Adnoc Distribution, its chain of petrol stations and shops in the United Arab Emirates, which was priced on Friday.

The accountancy firm has hired a former HSBC official as a partner in its UK banking and capital markets team.

In this round-up, China’s Politburo meets to discuss the policy priorities for 2018, Shenzhen Stock Exchange in talks over ETF Connect, and HSBC expands its A-shares coverage from its onshore securities joint venture.

Public Financial Holdings has returned to the Hong Kong dollar loan market for a HK$1.1bn ($141m) refinancing.

BMC Software has shrunk its triple-C rated high yield bond issue from €380m to €250m as demand proves hard to come by. But Burger King France has managed to price its offering at the tight end of the range, though with an adjustment to the tranching.