HSBC

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.

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.

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.

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.

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.

Turkey’s Isbank cut through post-referendum uncertainties to raise up to $750m with a seven year senior note on Thursday.

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.