HSBC

China Development Bank has opened books for a dual-currency, triple-tranche offering, four months after the policy bank raised around $2bn from a similarly structured trade.

The City of Buenos Aires lived up to its reputation as the best sub-sovereign credit in Argentina after pricing a new bond just 50bp over where leads believed the sovereign would have sold a new 10 year.

Meatpacker Marfrig announced initial price thoughts low to mid 8% area for a new seven year non-call three bond expected to be priced on Wednesday, with S&P so impressed by the company’s capital market activity that it assigned a positive outlook to the rating.

KommuneKredit grabbed the first chance of the week to print five year dollars while other public sector issuers are set on 10 year deals.

European Investment Bank picked up €3bn on Tuesday with an April 2032 benchmark that drew a higher degree of French investor participation than is typical for the supranational, said bankers.

Monday's three primary deals underperformed in the secondary market, causing deal flow to strike a lighter tone on Tuesday, with two corporates issuing modestly sized offerings.

A Spanish region is set to bring its first syndication in 18 months, after mandating banks on Tuesday for a five year euro deal.

Petroleum Development Oman is bringing in more banks after first launching its debut loan as a club deal with a small group of lenders.

Bank Muscat signed its $315m club loan late on Monday and all, barring one, of the lenders also arranged the bank’s bond issue last month.

China Development Bank has mandated leads to work on a dual-currency offering, while the Republic of Indonesia is set for a roadshow ahead of new euro-denominated notes.

China Three Gorges Corp, CCB Leasing and 361 Degrees International are looking to take advantage of a tight window to get their dollar fundraisings out of the way ahead of a speech from Federal Reserve chairwoman Janet Yellen on Friday.

The City of Buenos Aires is set to issue a new 11 year amortiser on Tuesday after announcing initial price thoughts that will make it the tightest of all the recent sub-sovereigns to have issued in Argentina.