HSBC

Turkey’s six year sovereign sukuk was priced flat to its conventional curve for the first time following the asset class’s inclusion in the JP Morgan indices, even as the country’s president Recep Tayyip Erdoğan’s bid to consolidate power is an increasingly dominant talking point.

The first ever green bond from a Gulf issuer met with what could best be described as moderate interest from the market on Monday, with even bankers on the deal admitting that the execution window was far from ideal.

Electricité de France’s €4.018bn three-for-10 rights issue has been oversubscribed, despite the continuing alarming flow of headlines about the nuclear power industry, and the approach of a French presidential election that could bring the far right to power.

HSBC is considering setting up a private debt platform within its asset management unit, a move one senior market professional said would break new ground in the sector.

Turkey’s six year sovereign sukuk is expected to be priced flat, or even inside, its conventional curve for the first time following the asset class's inclusion in the JP Morgan indices, even as the country's president Recep Tayyip Erdoğan’s bid to consolidate power grabs the headlines.

Athens-listed Motor Oil Hellas Corinth Refineries sold a sub-benchmark size note on Thursday, the second Greek corporate deal in the euro high yield market so far this year.

Astra Sedaya Finance (ASF) is targeting Taiwanese bank liquidity for its latest syndicated loan, a $90m amortiser helmed by three banks.

Gates Global, the US power transmission belt maker, rescheduled commitments for a euro term loan add-on to Thursday, after increasing it by nearly €200m from around €275m. The move came in a week when JP Morgan analysts and others voiced concern about risks in the leveraged finance market.

Qatari residential property developer Ezdan managed to recover its credibility as a sukuk issuer on Wednesday, printing a $500m 2022 at a reasonable spread, after what one EM syndicate banker referred to as its “shambles” of a debut in May.

Credit Bank of Moscow reopened the new style tier two market for Russian issuers in style on Wednesday with a $600m deal that was five times subscribed.

Indonesia Eximbank and State Bank of India launched new dollar deals on Thursday, in a busy Asian debt market ahead of a holiday-filled April.

Issuers from Greater China are dominating the dollar debt market, as they vie for investor attention on Thursday alongside a couple of south and southeast Asian names.