HSBC

Investors have a chance to buy bonds from Indonesian government-owned electricity distributor Perusahaan Listrik Negara (PLN), which is back in the international market for the first time in over four years. Meanwhile, Singaporean property developer Oxley Holdings is tapping its $200m notes.

The Asian G3 debt market opened on Monday with two deals from financial names and a mandate, in addition to two launches from corporates, following the positive sentiment overnight from the French presidential election.

The Democratic Socialist Republic of Sri Lanka wowed investors with its new 10 year outing, securing a massive $11bn order book for a $1.5bn deal.

Ant Financial subsidiary Alipay (Hong Kong) Holding will increase the size of its $3bn loan, taken to partly support its bid to acquire Dallas-based MoneyGram, according to bankers. The news comes about a fortnight after Alipay raised its offer for MoneyGram by around $300m.

The public sector dollar market is set to put a series of obstacles behind it to resume full pace next week — but issuers may opt to instead take advantage of sumptuous conditions in euros.

Three public sector borrowers hit screens in sterling this week, including a rare floating rate note from the Province of Ontario, which made use of the currency for the first time in six years.

FMS Wertmanagement nipped into a quiet dollar market to print a three year Reg S only syndication, the issuer’s first dollar deal at that point of the curve to come through mid-swaps this year.

HSBC said on Thursday that it expected to issue close to $60bn of new bonds for the minimum requirement for own funds and eligible liabilities (MREL) over the next few years, having scaled down its previous estimates.

UK specialist insurance and travel provider Saga is set to price its first bond next week, a benchmark deal that is part of a refinancing of its financial structure.

Investors are set to welcome Indonesian government-owned Perusahaan Listrik Negara (PLN) back to the dollar bond market, with the company mandating two firms to work on its issuance.

HSBC has reported a drop in overall profits for the first quarter of 2017, but strong growth in its Asian businesses as it continues to focus on the region.

Crystal International Group has filed a listing application with the Hong Kong Stock Exchange for a $600m-$800m IPO.