HSBC
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Banks and insurers have been peppering the market with a variety of trades this week, as borrowers start to make use of benign issuance conditions before an expected shutdown in the run-up to the UK’s ‘Brexit’ referendum.
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China Construction Bank Financial Leasing Corp has announced plans to issue its second dollar bond as early as this month, days after some of its industry peers made successful returns to the debt market.
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International bond issuance from South Korea looks set to resume with Export-Import Bank of Korea back in the market for its third dollar fundraising of the year.
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Nasdaq, the US stock exchange, received an enthusiastic reception from investors as it returned to Europe’s bond markets after a three year absence and widened its investor base.
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World Bank roared into the dollar market on Tuesday with the largest five year benchmark in the currency in over a year, as KfW and Bank Nederlandse Gemeenten hit screens with short dated mandates.
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Export Development Canada is to print a long four year sterling bond as demand for paper in the currency defied fears of a possible UK's exit from the European Union.
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DP World, one of the world’s largest port operators, has mandated nine banks for a dollar sukuk and is looking to price the deal next week.
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Qatar has mandated banks for a dollar senior unsecured bond, which bankers away from the note are expecting to be as large as $5bn in total.
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Solihull-headquartered infrastructure product manufacturer Hill & Smith has refinanced its £210m revolving credit facility, extending the maturity by two years.
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Industrial and Commercial Bank of China sealed a new $500m three year bond via its Hong Kong unit on Monday, less than two weeks after its Singapore branch scooped up $800m. Although the issuer checked all the boxes, demand from Chinese onshore accounts was weak given the recent flurry of financial names in the market.
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Eranove, the west African electricity and water company, has put its IPO plans on ice after a regulatory change in Ivory Coast that will lead to greater competition in the power market.
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A £1bn bond from the European Investment Bank last Friday should inspire other issuers to try their luck in the sterling market this week, said bankers.