HSBC

Turkey’s Isbank cut through post-referendum uncertainties on Thursday to bring a new senior bond but offered plenty of juice to get things started.

India this week teed up the first divestment of the 2017/18 financial year and it hit a hole-in-one, after investors bundled into the book as soon as it opened. With the government rushing out requests for proposals for more sell-downs, the success of its debut is a sign of things to come, said equity market bankers in the country. Jonathan Breen reports.

China Huarong International Holdings began marketing a four tranche dollar deal on Thursday morning, including two floating rate notes.

Chinese corporate names Want Want China Finance and China SCE Property were out in the market on Thursday morning.

Former HSBC capital financing head Spencer Lake has joined banking software firm Fenergo's board of directors. The company, based in Ireland, makes 'client lifecycle management software solutions' for investment, private and corporate banks.

Malaysian mortgage and securitization firm Cagamas raised $350m from its latest three year bullet, despite surprise market volatility that nearly caused the issuer to pull the deal.

Leoch International Technology is in the market for a $150m fundraising that launched into general syndication via three mandated lead arrangers and bookrunners.

Korea Resources Corporation, or KoRes, wrapped up its annual return to the dollar bond market with a $425m five year transaction. However, bankers said the issuer paid up due to tensions on the Korean peninsula and an unexpected imminent UK election.

Medical diagnostics firm Unilabs launched a €250m high yield bond with a roadshow this week, to back its acquisition of Alpha Medical. Nomad Foods is also roadshowing a €500m deal.

Korea Resources Corporation, or KoRes, is marketing a 144A/Reg S bond on Tuesday. The issuer was recently downgraded by Moody’s – a second time the agency dropped its rating in under a year.

Malaysia-based Lotte Chemical Titan has submitted a draft a prospectus for its upcoming IPO on the Bursa Malaysia, which is expected to raise at least $1bn, according to a source close to the deal.

State Grid Corporation of China, China Huarong Asset Management Co and State Development & Investment Corporation have mandated banks for new bonds, with the latter making its debut in the international market.