HSBC

HSBC India IB head leaves — StanChart brings Goldman banker out of retirement — CS hires Apac fixed income head — MUFG staffs up in India — SocGen creates FIC role

Philippine conglomerate Ayala Corp is gauging investor interest in a debut fixed for life perpetual, which would be the first international corporate issuance from the country this year.

South Korean retail giant Lotte Shopping Co snapped up $300m on Wednesday from its first bond in five years, defying geopolitical tensions and negative headlines around the Lotte Group to price at a tight spread.

Two of Europe’s biggest issuers are relaunching the sterling market in the wake of the summer lull this week — including one that more than doubled its initial target.

The Hong Kong subsidiary of Lotte Shopping Co, the retail unit of South Korea’s Lotte Group, kicked open the quiet primary bond market on Wednesday with its first dollar outing in five years.

HSBC’s investment banking head for India has left the firm and is now on gardening leave, according to sources.

The Philippines’ BDO Unibank is back in the dollar debt market less than a year after its last transaction, marking just the second offshore deal from the island nation this year.

The European Financial Stability Facility (EFSF) picked up €2bn with a 23 year bond on Tuesday, paving the way for other top-flight borrowers to bring their own euro deals.

BDO Unibank has mandated firms for a proposed dollar bond, marking a rare international debt offering from the Philippines this year.

The UK Debt Management Office has selected the banks that will run its next syndication.

Shinhan Bank has hired five firms to arrange a global roadshow gauging interests for what would be the South Korean commercial bank's second outing in US dollars this year.

The success of the UK’s ring fencing rules, which one analyst described as “the worst idea the [Financial Conduct Authority] has ever put forward” will rely on the UK’s courts, which will have to agree how to transfer customers and assets for eight UK banks. The court process will start in November and kick into high gear ahead of the final deadline of January 2019.