HSBC

All of the 34 banks taking this year’s Federal Reserve stress tests passed for the first time in the test’s history. For the European-owned firms, that reflects concerted efforts to improve their qualitative processes, while for the major US firms, the result has set off a bonanza of capital returns.

Two public transport operators offered deals to the sterling market this week, with varying success. Demand was strong for both deals, which had similar tenors, but one enjoyed a smoother pricing ride than the other.

HSBC and Austria’s Raiffeisen Bank International benefited from low funding costs in the additional tier one (AT1) market this week, despite the fact that the asset class has been through a tricky month and people are starting think hard about the direction of global interest rates.

Swiss life sciences firm Lonza launched a €300m debut Schuldschein on Monday, offering dollar and euro tranches to attract, among others, Singaporean, Malaysian and other Asian lenders looking to lend dollars.

Daimler had the new issue corporate bond space to itself on Monday, but the deal it achieved was still a spectacular result for many reasons. Pushing out to new, longer maturities for the volume of bonds sold was an excellent outcome for one of the more frequent corporate issuers, and could support a more permanent long dated market in euros, writes Nigel Owen.

The launch of a S$2.7bn ($1.95bn) IPO by NetLink Trust this week marks an important turning point in the fortunes of Singapore’s quiet equity capital market, with bankers hoping that more issuers may be tempted to take the plunge in the second half of 2017, write Aidan Gregory and Jonathan Breen.

Lotte Chemical Titan Holding, the Malaysian arm of South Korean conglomerate Lotte Group, has finished bookbuilding for the largest Malaysian IPO since Astro Malaysia Holdings' listing in October 2012.

Chinese property developer Modern Land (China) Co is making a comeback to the international green bond market, opening books for a short-term trade on Thursday morning.

The Asian Development Bank (ADB) has given yet another boost to the Masala bond market, raising Rp14bn ($217m) from its third offshore-rupee linked note of the year.

Buyers considering Klöckner Pentaplast’s €1.6bn loan and Manutencoop's high yield bonds forced the issuers to sweeten terms this week, in a now rare sight in the leveraged finance market.

Hong Kong conglomerate Swire Pacific closed a $300m seven year bond on Tuesday, opting for a tight price over size with the debt-raising.

The IPO of Lotte Chemical Titan Holding, the Malaysian arm of South Korean conglomerate Lotte Group, is due to price towards the bottom of its initial range, according to a banker on the deal.