HSBC

This week the Schuldschein market completed what could be its second largest deal ever, for Aldi subsidiary Hofer, and also launched its first two green deals — in what looks like another impressive year for the market.

Following a busy period in which KfW and Nordic Investment Bank priced deals, African Development Bank (AfDB) was the sole issuer to hit the market this week for a benchmark deal in dollars.

This week ChemChina launched syndication for the European tranche of its Syngenta acquisition loan. The deal is much bigger than many expected, at $20bn.

ChemChina is raising $20bn of loans in Europe for its $43bn acquisition of Syngenta although many bankers had expected the firm to raise just $13bn outside China.

The Schuldschein market has just completed what could be its second largest ever deal — for around €1.6bn — in an especially private transaction for Aldi’s Austrian subsidiary, Hofer.

UBS launched the first euro senior holdco deal of the year on Thursday and despite the trade’s strong reception and competitive pricing, bankers remain divided over whether more can follow.

State Bank of India has picked banks for a fresh $500m fundraising that is expected to launch into syndication in the next couple of weeks.

Cochin Shipyard is going through pitches from nine local banks for an IPO in India that could raise more than Rp10bn ($147m), with the state-owned firm expected to choose up to three lead managers.

The merger between capital financing and banking is a logical staging post in the transformation of HSBC’s investment banking aspirations, writes David Rothnie

Syngenta will imminently launch into syndication its European non-recourse loan for its acquisition by ChemChina, according to a banker familiar with the deal.

Genus, the bovine and porcine genetics company, retained all of its relationship banks when it signed a £160m revolving credit facility on Monday.

HSBC has hired Matthew Westerman, former chairman of EMEA investment banking at Goldman Sachs, as co-head of global banking. The division will expand to take in capital financing and the larger clients from commercial banking.