HSBC

ICBC Asia made its debut in the additional tier one market on Thursday with a bang, netting $1bn from a deal that boasted the lowest coupon on record for an AT1 in Asia ex-Japan.

China Railway Group, China Minmetals Corp and Greenland Hong Kong Holdings are set to hold roadshows with investors next week ahead of their respective dollar offerings.

Monsanto’s shares moved only a little on Thursday afternoon, suggesting investors are not yet convinced by Bayer’s revelation of a new, slightly higher offer for the company, as it revives its drive to create a global leader in agricultural science.

Emirati holding company Majid Al Futtaim (MAF) printed a $300m opportunistic tap of its May 2024s on Monday to reopen the Gulf Corporation Council bond market after Ramadan.

Another three SSA dollar deals hit screens on Thursday, all living up to the high standards set by a multitude of predecessors this week.

Teva Pharmaceutical Industries has started a series of investor calls and meetings to market a triple currency bond that is expected to be one of the largest new issues of the year.

French quality control and assessment services firm Trigo had replies due Wednesday on its €198m buyout loan package. The momentum is building for European mid-market leveraged buyouts with several deals in the market this week.

Omani borrowers have lit up the loan market with deals this year but Bahrain — another country vulnerable to oil price shocks — has seen little deal flow. Two large dollar deals for Bahraini borrowers in recent weeks, however, have shown the country is back in the fray.

South Korea’s GS Engineering & Construction Corp made its first appearance in the dollar convertible bond market in over two years, raising $150m from its return.

Hong Kong’s Regal Hotels International Holdings executed a swift dollar trade this week, getting in and out of the market in just three days. Despite being unrated and with few comparables offering guidance, the firm managed to slash pricing by 30bp and found plenty of support.

The green bond market is set for some new action with Link Real Estate Investment Trust kicking off a dollar transaction on Thursday.

South Africa's Steinhoff has agreed to buy UK discount retailer Poundland in a £597m deal, with Crédit Agricole one of two banks underwriting the loan financing. The French bank also benefited from Steinhoff’s thwarted bid for Darty earlier this year, when it co-underwrote a facility for rival bidder Fnac.