HSBC
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Chinese conglomerate, Citic, raised $1.25bn from dual-tranche dollar notes, which were its first outing to the dollar bond market since changes to its structure nearly two years ago. The markets were still jittery but the issuer was able to live up to its name value by effortlessly raising the target amount and saving costs. -
Industrial conglomerate Cosan will be hoping market conditions do not turn against it for a third time after it launched a tender offer and announced investor meetings ahead of a possible new bond.
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Tianjin Infrastructure Construction (TJII), China State Construction Engineering Corporation Limited and ICBC’s Dubai branch are out in the dollar bond market on Tuesday with their respective fundraisings.
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HSBC has announced the structure of its newly combined global banking division, which merges the old capital financing and banking divisions, following the appointment of Matthew Westerman as new co-head of the combined business. The six product teams in capital financing, and the six sector coverage teams in banking, will be replaced by nine combined groups in the new division.
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The Chinese securitization market’s growing comfort with auto ABS was on show last week when Dongfeng Nissan Auto Finance was able to double the amount it was able to raise compared to its most recent outing in 2015.
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Chinese broker Citic Securities is out with its first outing since October 2014, having opted for a dual-tranche offering split between a 5.5 year and a 10 year tranche.
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Four banks have undewritten a bridge facility to support Groupe SEB's acquisition of WMF Group and the company is understood to be considering a small syndication of the facility.
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SES, the Luxembourg-based satellite operator, opted to ignore the announcement of US non-farm payrolls today, traditionally a reason for the European corporate bond market to take a day of rest, and issued a benchmark hybrid bond on Friday.
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The popularity of China’s marquee technology firms is showing no signs of abating, with both Tencent Holdings and Baidu increasing the size of their borrowings following bumper responses.
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Commodities trader Noble Group has decided to raise about S$719m ($522m) through a rights issue as it seeks ways to pay off outstanding debt.
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Cemex Holdings Philippines has begun gauging investor interest in its IPO, which could raise up to $500m, sources close to the deal told GlobalCapital Asia.
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