HSBC

The Sri Lankan sovereign has finally hit the loan market for a $300m borrowing — a good three months after news emerged of a potential mandate and about a year after it issued a request for proposals. But the country is on much stronger footing now despite a ratings downgrade earlier this year, writes Shruti Chaturvedi.

Turkey's state-owned Halkbank has released initial price thoughts for a five year bond, the first CEEMEA public bond since the UK voted on Thursday to leave the European Union and only two days after a terrorist attack on Istanbul’s Atatürk international.

China’s DFZQ, also known as Orient Securities Co, and China Development Bank Financial Leasing Co have raised a combined HK$14bn ($1.8bn) after pricing their IPOs towards the low end of guidance, according to sources close to the deals.

Cemex Holdings Philippines has raised Ps21.9bn ($465m), pricing its IPO near the bottom of guidance after it was put under pressure by last week’s Brexit decision.

Brazilian meatpacker Marfrig clinched a drive-by bond reopening on Wednesday to notch up another success in its proactive liability management programme, raising $250m of seven year bonds that it will use to buy back existing debt.

Just one bank was absent from French automotives parts manufacturer Faurecia’s amend and extend deal signed June 24.

China’s DFZQ, also known as Orient Securities Co, has raised HK$7.8bn ($1.0bn) from its Hong Kong listing after pricing at the bottom half of the marketing range, according to a source close to the deal.

A $425m five year loan for Marlin Enterprise's acquisition of a gold mine in Indonesia has been received well by retail lenders.

Electricité de France has named 16 banks to underwrite its €4bn rights issue, of which €3bn will be bought by the French government.

HSBC and Bank of China were among the first banks to act as market makers for the newly established direct trading of the Korean won and the RMB this week, just as a first batch of offshore-based banks got approval from Chinese authorities to access the onshore currency markets.

The RMB remained a tiny portion of payments between the US and China in May, according to the latest Swift data. Meanwhile, the RMB remained in sixth position among the most used payment currencies.

Electricité de France has named four banks to lead its €4bn rights issue, of which €3bn will be bought by the French government.