HSBC

Malaysian telecommunications group Axiata extended its credit curve this week, raising $500m from a 10 year wakala sukuk.

Bank of Communications Financial Leasing’s $1bn dual-tranche offering was a big success on Tuesday, as cash-rich Chinese investors were drawn to the credit amid a dearth of dollar offerings from the country.

Indian small finance bank (SFB) Equitas Holdings is looking to raise nearly Rp20bn ($297m) with an IPO that could make it the first SFB to list in the country.

South Korea’s Kia Motors Corp is finally looking to make a comeback to the dollar bond market after an absence of five years and has mandated banks to prepare a proposed 144A outing.

In another European healthcare M&A deal, three banks have increased their commitments in a loan which veterinary pharmaceuticals company Dechra will use for a US acquisition.

Banks must make commitments to the $20bn tranche of ChemChina's Syngenta acquisition loan by March 22, according to a banker on the deal.

Royal Bank of Scotland returned to the market for its first holding company senior issue in nearly two years, raising €1.5bn in seven year debt as spreads across the asset class continue to perform strongly.

Mercedes-Benz Auto Finance is set to bring a landmark transaction to China next week with its inaugural Auto ABS, Silver Arrow China 2016-1. The Rmb2.5bn ($385m) is not only notable for being Mercedes’ first ABS outing in China, but is also the first in the country to spot a yield supplement over-collateralization (YSOC) feature.

A $700m outing proved to be another success for ICICI Bank this week, which made a strong return to the debt market amid a lack of supply from high quality Indian credits. The scarcity element of Indian names helped drum up robust demand especially from the US, allowing the lender to price its notes flat to its curve.

Cemex Holdings Philippines (CHP), an affiliate of Mexican cement giant Cemex, is seeking approval from the Philippine stock market regulator for a potential Ps39.7bn ($851.6m) IPO.

Malaysian telecommunications giant Axiata Group and Bank of Communications Financial Leasing are looking to tie up their respective dollar offerings on Tuesday with the former executing a sukuk and the latter a conventional bond.

Diebold, the US cash machine (ATM) manufacturer, had bank meetings this week for its $1.3bn term loan ‘B’, backing its $1.8bn acquisition of Wincor Nixdorf.