HSBC

The CEEMEA market is churning out deals as expected this week, with the Middle East still leading the charge in both the bond and loan markets.

Quasi-state owned Petroleum Development Oman is reaching out to banks for a $3bn club loan, and asking for chunky tickets of $300m each, according to sources.

Chinese tissue paper maker Youyuan International has returned to the loan market after a two year gap and is seeking a $120m 3.5 year facility.

Chinese names are continuing their resurgence with State Grid Corp of China returning for a dollar/euro combo while China International Capital Corp (Hong Kong) has opened books for its debut offshore appearance.

United Overseas Bank is set to end an absence of two years from the Singapore dollar bond market, and is taking orders for a Basel III additional tier one capital trade.

Boubyan Bank has printed its $250m perpetual Basel III compliant tier one issue only around 100bp wide of its majority owner, National Bank of Kuwait, with books at pricing in excess of $1.3bn.

HSBC has appointed Franck Lacour head of equities EMEA, a role he takes on while keeping his responsibilities as global head of equities trading.

Spain has nipped in ahead of its eurozone periphery peer Italy, mandating banks for a debut 50 year euro benchmark on the same day that the Community of Madrid had a strong showing at the short end and Greek yields rallied across the curve.

A shift in a cross currency basis swap rate is behind a spurt of issuance in Hong Kong dollars, said bankers.

Agence France Locale is set to bring its second ever syndication on Wednesday, after unveiling details of the trade on Tuesday.

Boubyan Bank has launched its tier one sukuk, hitting its size target of $250m and setting final pricing well inside initial price guidance.

Loans for financial institutions continue to flourish in general syndication, with deals for State Bank of India and Malaysia's Maybank progressing smoothly.