HSBC

With the year not two months old, seven leading equity capital markets banks have got saddled with what is understood to be at least €50m each of Saipem shares, after the rump of its rights issue failed to sell.

Deutsche Bahn printed a €500m 10 year no-grow bond on Monday, a deal that achieved aggressive pricing but did not tighten beyond its guidance stage.

HSBC plans to sidestep continued global uncertainty about how TLAC rules will work by issuing senior debt from its holding company until further notice, according to the bank’s strategic plan laid out in its annual results on Monday.

The Republic of Peru could become the third Latin America sovereign to issue in euros in 2016 after holding an investor call at 10.30am UK time on Monday.

National Australia Bank found itself taking on the might of London mayor Boris Johnson alone on Monday morning, launching a short sterling senior deal as other borrowers shied away from a nervous FIG market.

Svenska Handelsbanken has chosen three banks to work on its first Kangaroo bond since 2014.

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

Cheung Kong Infrastructure Holdings (CKI) is on track for a comeback to the dollar hybrid bond market, while India’s National Thermal Power Corp kicked off bookbuilding for a 10 year Reg S offering on Monday.

HSBC booked the lion’s share of its 2015 earnings from Asia, with the region contributing to more than 80% of the group’s profits before tax as the bank continues to look eastward for growth. But there are challenges ahead, with the firm under investigation by the US Securities and Exchange Commission (SEC) for its hiring practices.

Macquarie issued its inaugural covered bond on Thursday, meeting a strong reception with the five year €500m paper twice subscribed by investors. Westpac has also opened books on a $1.35bn deal, as Fitch said it expects Australian covered bond issuance to rise this year.

A healthy pair of benchmarks this week and strong conditions mean the euro market is wide open for a pair of supranationals to bring planned deals next week.

Nordic Investment Bank has printed the second dollar benchmark from an SSA this week, as issuers contend with the effects on pricing of negative swap spreads.