HSBC
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State Grid Corporation of China opened books for a four tranche dollar bond on Wednesday morning, comprising three, five, 10 and 30 year portions.
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French food producer Labeyrie Fine Foods both widened pricing and reduced the size for its €500m term loan this week, as changeable market conditions have driven a cheapening of several primary deals in the leveraged loan market.
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The European Financial Stability Facility on Tuesday priced a dual tranche deal that bankers are describing as possibly its greatest ever, laying to rest some of its other long dated trades this year that drew criticism. A pair of other issuers have also hit screens in a euro market enjoying what one syndicate head called “probably the best conditions we’ve seen in months”.
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ASM International has bagged HK$2.15bn ($276.2m) after selling a block of shares in its Hong Kong-listed arm ASM Pacific Technology.
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China’s State Development & Investment Corp started collecting orders for its new dual tranche offering on Tuesday morning at the Asia open, with the company set to debut in the dollar bond market.
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ASM International is in the market to sell a HK$2.15bn ($277m) overnight block in its Hong Kong-listed unit ASM Pacific Technology.
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Want Want China Finance and China SCE Property sold $500m and $300m of notes respectively on Thursday, as both hit the market before the expected rush investment grade names next week.
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China Huarong Asset Management Co on Thursday concluded a $3.4bn-equivalent six-tranche offering featuring US dollars and Singapore dollars. The transaction broke new ground for the issuer, and the company is one step closer in narrowing the gap between its curve and that of some of its Chinese peers.
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Qantas Airways has wrapped up its latest borrowing at A$900m ($676m). The Australian carrier had held roadshows in Singapore, Hong Kong and Taipei and drew a response from Chinese, Singaporean and Taiwanese banks, among others.
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India’s divestment body has hired banks to lead the IPO of state-owned reinsurer General Insurance Corp of India, which is expected in the fourth quarter of 2017, according to a banker on the mandate.
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If the €2.1bn of loans Fresenius and Lufthansa found in the Schuldschein market were counted, the market would beat its record for total volume in a first quarter, nearly hitting €8bn in three months. But, as the volume soars, the number of deals is falling, as large deals exceed initial target sizes.
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Turkey’s Isbank cut through post-referendum uncertainties to raise up to $750m with a seven year senior note on Thursday.