HSBC
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Colombian lender Banco de Bogotá is looking to issue up to $1bn of tier two 10 year notes, although Moody’s said that the bonds will do little to address the bank’s low capital ratio. -
Indian state-owned hydropower producer NHPC has wrapped up its Rp27bn ($406.4m) offer for sale, which saw a quick flood of demand from institutional investors but a weak response from retail buyers.
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Chinese technology group Huawei Investment & Holding left nothing to chance with its $2bn bond return. It paid up to compensate for the size of the deal and to soothe investor concerns over the poor secondary performances of other recent deals.
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State Grid Corp of China is set to go on the road next week to gauge interest for a dual-currency bond, as it seeks to raise funds in dollars and euros.
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In this round-up, London overtakes Singapore as an RMB hub, foreign ownership of onshore RMB assets picks up, QDII products see further growth, and the US and China plan June economic meeting. Plus, a recap of our top stories this week.
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Investors poured into Belgium’s debut 50 year benchmark vintage this week, with demand so strong that bankers are confident other issuers could soon sip liquidity from the ultra-long tenor.
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Bank Gospodarstwa Krajowego (BGK), Poland's state development bank, on Thursday printed a €500m 10 year bond — its debut foray into the international bond markets — with leads building a €800m book for the note.
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French firm Fnac will imminently launch syndication of its loan to buy retailer Darty, after winning a bidding war with South Africa's Steinhoff. Meanwhile, banks supplying a £920m loan for the thwarted rival await instructions.
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University College London has signed the largest ever European Investment Bank loan to a higher education institution, it announced on Thursday.
