HSBC

The FIG senior unsecured market welcomed lower beta trades from DVB Bank and Dexia Crédit Local on Tuesday, as bankers started to turn their attention to Thursday’s European Central Bank meeting.

HSBC’s head of European FIG DCM in London has fallen victim to the bank’s latest reorganisation, GlobalCapital understands.

All but one of the banks that underwrote Saipem’s €3.5bn rights issue, and were left holding €427m of the Italian oil and gas engineering group’s stock, are selling down their stakes tonight.

Core eurozone issuers are set to pepper the euro curve over the next two days, before all attention turns to a much anticipated European Central Bank meeting on Thursday.

The Bank of England has printed $2bn of three year paper from a heavily oversubscribed book, as fears of a UK exit from the European Union showed no impact on the central bank’s bonds.

Public sector borrowers from the eurozone periphery are preparing a flurry of issuance in the next few days, with one still smarting from a change to its rating outlook late last week.

Four banks from four jurisdictions got the FIG market off to a frantic start on Monday, and bankers think many more borrowers could hit screens before the European Central Bank meets on Thursday.

HSBC turned its attention to euros for its second holdco senior deal in less than a week on Monday, looking to make more progress on its TLAC bucket after a blockbuster $7bn deal last week.

América Móvil, the Mexican telecommunications firm, took advantage of a rally in emerging market debt to open books on its debut euro-denominated bond with a tight concession on Monday.

Kuwait Projects Company (Kipco) will open books on a seven year bond after completing investor meetings on Monday.

Hong Kong-listed Samsonite is raising a loan of up to $2.425bn for its acquisition of premium travel luggage maker Tumi.

A pair of SSAs are set to print in the Australian dollar market this week, as bankers report strong Asian appetite for public sector Kangaroo bonds.