HSBC
-
-
Two public sector borrowers hit the primary euro market on Thursday, with the International Development Association selling its biggest ever bond in the currency and France’s Action Logement Services extending its curve with just its second ever trade. -
A trio of green labelled debuts attracted “slim” demand on Wednesday, as the three senior deals had to compete with a flurry of other trades for a slice of the shrinking pre-summer investor pool.
-
France’s Action Logement Services (ALS) is preparing to issue its second ever bond, after making its debut in the capital markets in October 2019.
-
Sino-Ocean Group Holding was forced to pay up for its green bond this week, as weakened sentiment around Chinese high yield property credits spilled into the investment grade market.
-
Hongkong Land Co sold its debut $500m green bond on Tuesday, with support from ESG focused investors helping it achieve tight pricing.
-
BOC Aviation, the aircraft leasing arm of Bank of China, has launched a $750m borrowing into general syndication.
-
A recent lull in dollar bond supply from Indian corporations meant investors rushed to buy REC’s $400m deal on Tuesday, with the electricity company leveraging the demand to price inside of fair value.
-
JAB Holdings and Prosus have hired banks to run bond issues, adding to the barrage of corporate deals in the works before Europe's summer break.
-
Royal Bank of Canada has sold the third Canadian covered bond in sterling this year, landing its £1.25bn deal at a spread identical to those of its two peers. Meanwhile, Münchener Hypothekenbank is set to join the sterling spree in the coming days with the first fixed rate covered bond in the currency since 2018.
-
Westpac New Zealand attracted plenty of demand on its rare trip to the senior euro market this week, printing its €750m deal flat to fair value.
-
A succession of debut labelled deals are filling the FIG pipeline as issuers look to make use of the last window ahead of the summer break. ESG bonds from SpareBank 1 SR-Bank and Banco BPM are set to join the already mandated Banca Popolare di Sondrio and Arion Bank in the market later this week.
