HSBC
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Yapi Kredi Bankasi opened books on a seven year note on Tuesday morning, offering a 20bp premium at initial price thoughts.
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Foreign investors have got their first taste of Chinese residential mortgage backed securities after Postal Savings Bank of China managed to draw them in with the inaugural internationally rated offering from the asset class.
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State-owned Korea Gas Corp has become the first issuer from the country to venture out to the debt market following Brexit, netting $900m via two tranches that were sold at identical spreads.
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Everything fell into place for the Sri Lankan government’s return to the debt market on Monday when it sealed $1.5bn from a dual-trancher, shrugging off concerns about its fiscal problems and recent rating downgrade.
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Brazilian industrial conglomerate Cosan followed the strategy of its compatriot Petrobras on Monday, tapping recently issued bonds after a strong response to a tender offer.
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US soft drinks and snacks group PepsiCo returned to the investment grade European bond market after a two year absence on Monday, clinching a very tight new issue premium.
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Majid Al Futtaim (MAF) printed a $300m opportunistic tap of its May 2024s on Monday to re-open the Gulf Corporation Council bond market after Ramadan.
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Kazakhstani crude oil company Tengizchevroil (TCO) has picked a raft of banks to manage a debt sale that will help to finance a $36.8bn expansion project.
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Four banks will underwrite the $1.25bn loan for UK investment firm Melrose's acquisition of Nortek of the US. It is the largest acquisition announced by a UK company since the country voted to leave the EU on June 23.
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Volkswagen Finance Services ventured into the China auto ABS market for the second time this year with its Rmb2.99bn ($446m) Driver China Four offering – the company’s tightest priced securitization in the country.
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Hong Kong-listed Regal Hotels International Holdings has mandated banks for a dollar-denominated offering, and is set to start investor meetings on Tuesday.
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State-owned Korea Gas Corp (KoGas) has gone out with its first international bond outing of the year, launching a dual-trancher dollar trade on Monday morning.