HSBC

Multilateral development bank Gulf Investment Corp (GIC) has yet to open books on a dollar bond after finishing a roadshow on Monday. But the delay was not a sign of wider Middle East uncertainty, said the leads on the trade.

Latin American development Corporación Andina de Fomento (CAF) clinched its tightest ever spread and coupon in the euro market on Tuesday with a five year deal that was larger than the borrower had initially intended.

A rare public sector issuer from the eurozone periphery could bring some euro supply late in the year after hiring banks on Tuesday to run an investor roadshow.

Cabot Credit Management, the UK debt purchasing firm, on Wednesday raised €310m of secured notes to support its buyout of peer company Hillesden Securities from Faccenda Investments.

Snam, the Italian natural gas transmission company, priced a €750m eight year bond on Tuesday, its first issue since it was added to the list of bonds that the European Central Bank will buy as part of its public sector bond purchase programme, or quantitative easing.

BorgWarner, the US car engine and drivetrain maker, furthered the return of reverse Yankee bonds to Europe's corporate market on Monday, by issuing a €500m seven year no-grow deal.

Istituto Centrale delle Banche Popolari Italiane (ICBPI) began offering its €1.1bn PIK bond with fixed and floating rate tranches on Tuesday, the first time such a structure has been used in the European high yield market, according to bankers.

A German agency could help push green bond issuance for the final three months of 2015 towards a record quarterly level, after mandating on Monday for a deal.

Egypt’s Banque Misr has completed the two month long senior syndication process for its $250m three year loan and launched general syndication on Sunday.

HSBC has found yet more room to cut its capital requirements by adjusting how it models the risk of portfolios. But despite the balance sheet ‘improvements’, the investment bank has had a tough quarter, with fixed income trading revenue on the floor.

Nordea Bank received strong demand for its first tier two debt in euros since 2012 on Monday, as the primary market remained otherwise empty.

HSBC announced it was launching a joint venture with Shenzhen Qianhai Financial Holdings, to give it an onshore securities license and build an onshore renminbi debt capital markets business.