HSBC

HSBC’s regional head of large corporates for its commercial banking business in Asia Pacific has left.

ABN Amro is set to launch its second Basel III tier two trade in as many weeks and this time is opting for a Singapore dollar-denominated transaction.

After a decade in which they’ve suffered dismal profits, multiple IPO suspensions and a near-disastrous crash in A-shares, China’s foreign-backed securities houses are finally seeing the fruits of their labour. Now a pair of banks, including HSBC, are joining the fray with a new type of joint venture, setting the stage for another industry shake up. John Loh reports.

Unédic and the European Stability Mechanism are set to price euro deals this week, taking advantage of a window before the start of the Easter holidays later this week.

Gategroup, the airline food services company, has increased the size of a revolving credit facility after an amendment operation, giving the company greater financial headroom.

Islamic Corporation for the Development of the Private Sector (ICD) will start investor meetings this week ahead of a potential public bond market debut.

Singaporean lender United Overseas Bank (UOB) made a quick return to the dollar bond market last Friday, raising an additional $200m with a tap of its tier two notes issued earlier in the month.

Argentine state oil company YPF sold $1bn of five year notes at a new issue premium close to flat on Friday as the threat of an imminent flood of supply from Argentina did nothing to quell demand.

TCC Group subsidiary Berli Jucker Public Co has signed up nine lenders for a €3.2bn ($3.5bn) portion of a larger loan to support its acquisition of retailer Big C Supercenter.

South Korea’s Shinhan Bank made a strong impression on bank capital investors this week, pricing a 10 year bullet tier two. Some of the credit for the transaction’s success goes to the fundamental strength of the issuer and the investor-friendly structure of the bond, but market participants say Shinhan’s willingness to pay up also deserves kudos.

Thailand’s TMB Bank is set to return to the dollar bond market for the first time in 10 years, having mandated three lenders for a roadshow next week.

United Overseas Bank is making a quick return to the dollar bond market, reopening its $500m 2026 tier twos on Friday.