HSBC

The dollar market for SSAs is set to spark into life on Thursday, with one issuer lining up a debut deal in the currency and another attempting to print at the lowest spread to mid-swaps this year.

Phoenix Group Holdings, the UK life insurer and asset manager, will carry out a £735m rights issue to partly finance its takeover of Abbey Life, which it announced on Wednesday morning, causing its share price to rise by 3.6%.

Books were nearly $2bn for the UAE's Union National Bank’s return to the markets on Wednesday With issuance from UAE banks limited thus far, the 20bp-25bp starting premium offered good value, according to one EM banker.

CK Hutchison Holdings is seeking fresh funds to refinance debt, and is eyeing a dual-tranche dollar bond with five and 10 year tenors.

Babcock International, the UK support company for infrastructure and defence services, issued a £250m no-grow bond on Tuesday, the same day the Bank of England began buying sterling corporate bonds.

Municipality Finance has made its long awaited entrance into the green bond market with a dollar five year on the same day that a new green exchange launched.

Singapore Telecommunications raised $500m on Monday, a day when credit markets in Asia slumped. Nevertheless, the investment grade issuer managed to get away with offering no new issue premium on its bonds.

German utility company ENBW completed a $300m dollar hybrid bond deal on Monday, attracting 119 Asian and European accounts eager to increase their holdings of the product, despite volatility in euro markets.

MuniFin will launch its first ever green bond on Tuesday, after completing a two week roadshow to gauge investor sentiment.

IMCD, the Rotterdam-headquartered speciality chemicals firm, is marketing a €125m Schuldschein with tenors of five and seven years. The deal could grow beyond the launch size if demand is sufficient.

One of the biggest Chinese bad debt managers China Cinda Asset Management sealed a $3.2bn deal last Friday, marking the country’s first AT1 from a non-bank entity. In addition, it is also the largest dollar deal from a Chinese issuer so far this year.

China South City Holdings executed a swift tap of its outstanding $200m 6.75% five non call three notes last Friday, adding another $150m to its coffers.