HSBC

A jumbo bond intended to refinance the debt of merged companies Quintiles and IMS on Wednesday added to a deluge of high yield issuance, with the market seeing €4bn of new bonds by Thursday.

State Bank of India launched the first-ever offshore Basel III compliant additional tier one (AT1) bank capital offering from an Indian name on Wednesday, a deal market participants expect to set the pricing benchmark for future Indian lenders from this asset class.

BOC Aviation is out with a $1bn borrowing, opening the dual tranche deal into general syndication on Tuesday, according to bankers.

Taiwanese electronics company Foxconn (Far East) has set its sights on a dual-tranche dollar offering, launching the bond on Wednesday morning in Asia.

Some 54 anchor orders of more than $50m each helped Mexican oil company Pemex to raise $4bn of new bonds on Tuesday despite volatility sweeping Lat Am bond markets following a sell-off in US Treasuries.

HSH Finanzfonds printed its first ever public bond on Tuesday, attracting strong enough demand for two rounds of price tightening.

The European Bank for Reconstruction and Development (EBRD) has begun flexing its muscles in Greece’s private sector after the country was approved as an EBRD recipient country last year by arranging a partly syndicated loan for Hellenic Telecommunications Organisation (OTE).

Morrison Utility Services, the first UK leveraged buyout to come to market since the UK voted to leave the EU, received oversubscribed offers for its £170m loan package.

The prospect of the first international bank capital trade from India is closer with State Bank of India on the road this week for a dollar-denominated additional tier one. While it has picked a good window, it needs to get the pricing right or risk derailing the rest of the market.

Bank of Nova Scotia returned to the covered bond market for the second time this month and the sixth time this year, opening books for its second dollar benchmark of 2016 and the fifth from a Canadian issuer.

India’s L&T Technology Services and ICICI Prudential Life Insurance Co have made headlines this week with their respective IPOs, with the former aiming for Rp8.9bn ($132.9m) and the latter Rp60.6bn.

HSBC has named Jackson Tai, the former Asia Pacific chairman of JP Morgan and chief executive officer of DBS, as an independent non-executive director of its board.