HSBC

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.

India’s ICICI Bank is on track for its first dollar issuance of the year, having launched bookbuilding for a 10 year trade.

The World Bank last Friday printed in Canadian dollars for the first time in a year, seizing on strong sentiment following the European Central Bank's latest bout of monetary easing.

Corporate bond markets snapped into bullish mode on Friday as the effect of Mario Draghi’s renewed monetary stimulus kicked spread tightening into full throttle.

Another week and another first for the Schuldschein market, in what has been a stunning first quarter for the German private placement market. Fresenius US Finance II has completed the largest dollar deal in the market, raising $400m, according to bankers.

This week started with a host of FIG trades, including a holdco blowout from HSBC in euros, and, while supply slowed around the European Central Bank’s meeting, issuance is expected to return with a bang next week after the ECB announced a new stimulus package on Thursday.

Hong Kong MTR Corp’s tightly priced HK$15bn ($1.9bn) loan has attracted interest from more than 20 banks in syndication, according to sources.