HSBC

Asia’s debt capital market is set for a busy start to the year with both repeat and debut issuers looking to sell dollar offerings as early as this week.

The GlobalCapital editorial team has picked what it believes to be the standout bond issues of 2015 across the corporate, public sector, financial institution and emerging market bond markets. Below are the Corporate Deals of the Year 2015. We selected the trades that we think will be remembered for their success in challenging conditions, for making the best use of the demand available to them, or for having made a longer lasting impact, such as the re-opening of a market. The winners are presented here.

The GlobalCapital editorial team has picked what it believes to be the standout bond issues of 2015 across the corporate, high yield, public sector, financial institution and emerging market bond markets. Below are the High Yield Deals of the Year 2015.

After an eventful year for European corporate bonds, HSBC has ousted BNP Paribas as top bookrunner for European issuers, though BNPP stays top for all corporate issues in euros.

Kathrein, the German communications technology manufacturer, has signed a €350m revolving credit facility for refinancing purposes.

Citi held onto its top spot in the CEEMEA bond league tables this year and continued its grab of market share even though absolute volumes were destroyed. Meanwhile, Deutsche Bank, BNP Paribas and Goldman Sachs lost ground as Barclays, Société Générale, Unicredit and Standard Chartered Bank rose through the ranks.

HSBC and Barclays were the leading houses in SSAs by deal volume year to date in 2015 but overall volumes were down on 2014 and are expected to fall again next year.

Extraordinarily low volumes of new bonds this year meant that 2015 rivalled the financial crisis of 2008-2009 for the pace of high profile CEEMEA staffing changes on syndicate and DCM. Where are they all now?

Abengoa, the engineering and renewable energy firm, woke up on Monday up to two lawsuits from share and bond holders in Spain, while lenders agreed to inject €100m so the company could meet December’s payroll.

Black Sea Trade and Development Bank (BSTDB) on Monday sold the second note from its EMTN programme, after drawing demand from asset managers.

Finnish pulp and paper maker Stora Enso has tightened margins again on its €700m revolving credit facility, this time by 20bp, after having already reduced margins on the deal by 35bp two years ago.

In the last RMB round-up of 2015, HSBC became the first foreign bank to issue RMB-denominated CDs to corporates in China, Hungary plans RMB bonds in 2016 and Russian bank VTB saw a big boost to its RMB business in 2015. Plus, a recap of GlobalRMB’s top stories this week.