HSBC

Heineken has been making up for lost time in public debt markets, issuing its second bond of the year after being absent since 2013.

The UK printed a tap of its 0.125% index-linked gilt maturing March 2046 at the tightest spread to the benchmark since it was launched.

Santander was set to sell €1.25bn in seven year fixed rate bonds on Tuesday, appearing in the European senior market for the first time in a year and a half.

Armacell, the German foam insulation manufacturer, has planned loan facilities for its buyout by Blackstone and Kirkbi, a Danish investment firm.

South Korea’s Doosan Power Systems (DPS) bagged $300m from a hybrid bond on November 30, opting for a guarantee from Export-Import Bank of Korea. While it was a win-win for investors and the issuer, market participants are concerned about excessive use of the guarantee.

The Republic of Indonesia has returned to the dollar bond market for the third time this year for an up to $4bn deal, while eHi Car Services and Golden Wheel Tiandi Holdings are attracting high yield bids.

ABN Amro targeted sterling for a £300m six year senior bond on Monday, pricing more tightly than could have done in euros, according to rival bankers.

Anticipation that the European Central Bank will extend its public sector purchase programme on Thursday resulted in what one banker called an “abnormally successful deal” from Erste Abwicklungsanstalt on Monday.

HSBC has appointed long-serving banker Montgomery Ho to the newly created role of chief executive for Guangdong as it seeks to solidify its presence in southern China.

Doosan Power Systems (DPS) and the Sydney branch of Industrial and Commercial Bank of China started attracting interest from bond investors on November 30, opening books for their respective dollar deals.

Chinese authorities are expected to allow the renminbi to depreciate following the decision on the IMF Special Drawing Rights (SDR) basket, though there is a debate about how severe that fall will be. Either way, it is likely a hike in rates by the Federal Reserves (Fed) could hold more sway on the RMB's future than SDR inclusion.

Erste Abwicklungsanstalt is lining up to issue its first public euro bond since October 2013, which is set to be priced before next week's European Central Bank meeting.