HSBC

LBBW, OP Mortgage Bank and Mortgage Bank of Finland took little time to sell their benchmark euro deals this week.

With Ascension Day putting a cap on activity in euro-denominated bonds, the sterling market glided into action as Travis Perkins issued a £300m deal.

After a week of no new paper in CEEMEA, EM bankers are looking forward to a busier next week as four bonds are slated from the region and the market looks supportive enough to allow issuers to pull the trigger.

Italy’s scramble to prop up its weaker banks has halted what had been a strengthening rally in periphery bank debt last month, with the most recent deals all widening this week.

A HK$9.7bn ($1.25bn) sell-down in Chinese insurer PICC Property and Casualty Co last weekend has injected some welcome activity into Asia’s block market, which has seen limited business since the start of the year. The success of the deal in the primary and the secondary market is expected to inspire potential sellers to take action. Jonathan Breen reports.

Tianjin Rail Transit Group completed its first international bond on Wednesday, raising $500m from a dual-tranche offering split between a three and a five year.

Latin American development bank CAF’s transition from emerging market to SSA issuer is almost complete, said its head of funding, after nearly 40% of demand for its latest dollar deal came from central banks and official institutions.

The European corporate bond market hit a bump in the road on Wednesday as unrated Altrad pulled a sub-benchmark sized transaction during a busy day of primary activity.

Covered bonds have reclaimed the FIG primary market this week, as poor earnings figures from European banks and weak economic data have softened the backdrop.

Hong Kong's MTR Corp is considering raising the size of its latest syndicated loan to as much as HK$25bn ($3.2bn) following a strong market response.

Goldman Sachs has relocated one of its most senior M&A bankers from Hong Kong to London, according to an internal memo seen by GlobalCapital Asia.

The Singapore branch of Industrial and Commercial Bank of China has become the lender’s first offshore unit to issue a fixed rate dollar bond this year, raising a larger than expected $800m.