HSBC

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.

Two North Asian issuers raised $608m in separate overnight primary equity placements on Thursday after both deals were fully upsized, although they priced near the bottom of their respective offering ranges.

The appointment this week of John Flint as chief executive of HSBC carried none of the drama and internecine rivalry that marked the elevation of his predecessor Stuart Gulliver six years ago, but could have implications for the future leadership of the firm’s global banking and markets division.

Northrop Grumman and Wal-Mart printed the biggest deals in their history as event-driven dollar bond supply roared back to life following the Columbus Day holiday.

The African Development Bank (AfDB) said that it intends to enter the social bond market and will be roadshowing its social bond framework beginning October 19, it said this week.

Swiss food and drinks company Nestlé extended and replaced €11bn worth of one and five year loans on Wednesday.

Chlorvinyls firm Inovyn, a subsidiary of chemicals group Ineos, was on course to shave 150bp from its 2024 term loans in a repricing on Thursday. But market participants warned that the trade betrays signs of a lack of discipline in the market.