HSBC

Books were several times oversubscribed and new issue premiums often dropped to zero this week, ahead of an ECB move that was widely expected — but everybody is aware that market backlashes do happen.

Covered bond activity slowed this week with only three deals emerging, half the number seen in the prior week, with Canadian issuers at the fore.

France’s largest property firm, Unibail-Rodamco, issued a €1bn dual tranche bond on Wednesday that included only the third 20 year corporate bond in euros this year.

At a time when banks are desperate to lend to merger and acquisition deals, some key relationship banks have been reported missing from the $20bn loan for ChemChina’s takeover of Swiss seeds maker Syngenta. Robert Cooke and Elly Whittaker report.

BOC Aviation has made a successful landing with a new 10 year bond in 144A format, shrugging off concerns over its ownership change after a planned IPO this year.

The New Development Bank Brics (NDB) has appointed four Chinese banks and two internationals banks to work on a renminbi-denominated green bond to be sold to Chinese onshore buyers.

The Government of Malaysia flexed its muscles as one of Asia’s biggest Islamic bond issuers this week, brushing off noises over a political scandal and volatile oil prices to raise $1.5bn.

Hongkong Electric is poised to end a five year absence from the dollar bond market after launching a 10 year offering on Thursday.

BoC Aviation attracted a horde of investors to its first 10 year bond in 144A format ahead of a planned IPO in Hong Kong. While the proposed listing caused concern among some investors about the company's ownership, bankers on the deal say that the notes’ primary and secondary performance indicates they were in a minority. .

Bank Gospodarstwa Krajowego (BGK), Poland's state development bank, has mandated three banks for its debut euro bond — a deal that has been expected since 2014.

UBI Banca has begun marketing a tier two transaction, which will be the first capital sale from an Italian bank since January.

State-owned Indian Railway Finance Corp (IRFC) has selected six banks to work on an offshore rupee-denominated bond, also known as Masala bond.