HSBC

Hon Hai Precision Industry sealed $1bn from a dual-tranche offering, seizing what is thought to be the last good window before the Fed’s decision on a September rate hike.

State Bank of India (SBI) succeeded in pricing the first offshore Basel III additional tier one (AT1) offering from an Indian name this week, but a bullish pricing strategy meant orders were muted and it has struggled in secondary. Despite the glitches, many believe the deal has set an important benchmark, writes Addison Gong.

Winsconsin’s Spectrum Brands, the consumer products conglomerate ended a two day roadshow on Wednesday with the sale of euro notes that will repay dollar bonds, an uncommon transaction in the euro market.

UK supermarket chain WM Morrison Supermarkets, better known as Morrison’s, has triggered an extension option on its £1.35bn revolving credit facility.

Biffa, the UK waste management company, has announced its intention to float on the London Stock Exchange.

Poland’s mBank will hit the road next week for its first euro senior deal since November 2014. The bank did plan a roadshow for a euro bond in 2015 but decided not to go ahead with the meetings as the issuer did not like the levels available, according to an EM banker.

Hong Kong’s Securities and Futures Commission has reprimanded HSBC and fined it HK$2.5m ($$322,260) for regulatory breaches and internal control failings linked to position limit failures, it said in a statement.

Peru's finance minister, Alfredo Thorne, will be among the representatives as the country carries out a week-long roadshow starting on Monday ahead of a planned sol-denominated bond issue.

Bayer, the German life sciences company, has clinched an agreement with the board of Monsanto to buy the US company for an enterprise value of $66bn, to be financed with one of the largest rights issues in history.

National Grid Gas followed its £3bn Tuesday visit to the sterling market with a €750m eight year bond that completes its primary bond market financing ahead of its 2017 sale.

On Wednesday, Bayer said that five banks have agreed to provide the hefty bridge loan for its $66bn acquisition of US agrochemicals specialist, Monsanto. But the $57bn deal is not yet being syndicated, according to one of Bayer’s relationship banks.

TMF Group, the business services provider based in Amsterdam, and Unilabs, the laboratory services firm from Geneva, have both launched loan refinancing packages with TMF holding bank meetings last Friday in London, Unilabs on Thursday.