HSBC
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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.
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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.
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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.
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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.
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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.
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Nordea Bank received strong demand for its first tier two debt in euros since 2012 on Monday, as the primary market remained otherwise empty.
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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.
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China International Capital Corp, which brought in 11 joint global co-ordinators for its Hong Kong IPO, has priced the deal at the top of the range to raise HK$6.29bn ($812m).
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China State Construction Engineering Corp has picked seven banks to arrange a roadshow ahead of its return to the offshore debt market.
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China General Nuclear Power Corp (CGNPC) has wrapped up its second dollar deal of the year, using a keepwell agreement this time around rather than a direct guarantee. Despite the less investor-friendly structure, the company saw a huge following and managed to price the notes with little new issue premium.
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Singapore-based agricultural products supplier Olam International has raised a $1bn loan from a group of 19 lenders.
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It was a week of firsts for the socially responsible investment sector, with several issuers bringing innovations or printing record sized deals.