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HSBC

  • China Development Bank Financial Leasing Co began marketing a dual-tranche dollar bond on Tuesday morning local time, as a number of issuers attempt to get ahead of China’s 19th National Congress of the Communist Party meeting taking place on Wednesday.
  • French shipping group CMA CGM will launch a sub-benchmark sized bond on Tuesday, a week after S&P Global upgraded the rating of its unsecured note issuance from CCC+ to B-, bringing it into line with Moody's B3 rating.
  • Agencies from the Netherlands, France and Germany are set to come to market on Tuesday for short dated dollar deals.
  • The International Finance Corporation hit screens on Monday, announcing its intention to sell a $1bn green bond on Tuesday.
  • French engineering services company Akka doubled its initial €200m launch size to just over €400m. With rising participation from Asian and European commercial bank lenders, issuers from the technology sector are finding higher levels of interest in the Schuldschein market.
  • Beijing-headquartered Elion Resources Group Co will sell an international bond for the first time, having mandated the joint leads to work on an Asian roadshow and the proposed issuance.
  • China Huaneng Group, one of China’s largest state-owned power companies, has picked four banks to work on a dollar-denominated senior perpetual bond. The company will visit Hong Kong and Singapore to pitch the deal from Tuesday.
  • Crystal International Group intends to start taking orders for its $574m Hong Kong IPO on Tuesday at a valuation of up to 15 times earnings, according to bankers close to the matter.
  • The mandate for Reliance Industries’ $2.5bn refinancing has been revealed. The deal will consist of three portions, the bulk of which will replace a $1.5bn loan taken by one of its subsidiaries in late 2014.
  • India’s Piramal Enterprises is in the market with an unusual sale of mandatory convertible bonds through a qualified institutional placement, part of a fundraising drive to that could fetch up to Rp70bn ($1.1bn).
  • CDB Leasing is on the road pitching a dollar bond deal which it wants to price as early as Monday, just ahead of the 19th National Congress of the Communist Party of China.
  • Zhongrong Xinda Group Co is planning to debut in the international bond market, after mandating four firms to lead a Reg S transaction. The roadshow will take place early next week.