HSBC

With just over three weeks to go until Easter, the latest wave of IPOs in EMEA is progressing well. One deal was priced on Tuesday and bookbuilds have begun for two more.

South Korea’s Shinhan Bank secured a tightly priced $500m deal on Tuesday, taking advantage of an otherwise quiet market as well as the Monday success of Korea National Oil Corp.

The Republic of Indonesia launched a two-tranche sukuk on Wednesday, offering investors five and 10 year dollar options for its annual pursuit of Islamic financing.

China Zheshang Bank Co is out with its maiden international additional tier one, while Xinjiang Guanghui Industry Investment (Group) Co, the largest shareholder in China Grand Auto, is prepping for its offshore debut.

The European Investment Bank on Tuesday became the sixth European public sector borrower to hit screens in sterling since March 13, tapping a January 2020 line for £250m. But UK inflation figures could put an end to the currency's run in the sun. Meanwhile, investors and banks discussed what form the next UK Gilt syndication should take.

Turkey’s Turkiye Sinai Kalkinma Bankasi (TSKB) made a second pioneering move into the sustainable bond market with the world’s first sustainable tier two bond on Tuesday, following on from a senior green bond last year.

Qatari real estate developer Ezdan Holding has picked banks to arrange its second sukuk.

Korea National Oil Corp (KNOC) took advantage of the positive market on Monday to price three $500m tranches of new notes at an attractive price, while still offering investors some cushion on the fixed rate portions.

Emperor International Holdings is gearing up for a new dollar bond, hiring nine firms to work on the transaction, while Japfa Comfeed Indonesia is looking for fresh funds to partly redeem its 2018s.

Shinhan Bank launched a new five year dollar deal on Tuesday, following its compatriot Korea National Oil Corp into the debt market.

HSBC has elevated 14 Asia-based staff from its global banking and markets (GBM) division to managing director, part of a global round of promotions, according to an internal memo seen by GlobalCapital Asia.

Nederlandse Waterschapsbank has become the latest in a string of public sector borrowers to turn to the sterling market.