HSBC

Uruguay sent a sign that broad volatility in emerging markets would not put Latin American sovereigns off the new issue market with a $1.7bn amortising 12 year deal that it will use to buy back old bonds.

Dongfeng Motor Group is set to make its debut in the euro-denominated bond market on Tuesday, as the company aims to raise proceeds to pay back part of a bridge loan in the currency.

The People’s Bank of China (“PBoC”) has opened books to its debut one year offshore central bank note in the Asia morning at 3.30% area on October 20.

A European agency is set to bring a green bond on Tuesday as optimism grows that SRI volumes could pick up even more over the next two months.

Greece’s yields screamed lower on Monday despite reports that the country’s creditors are unhappy with its government’s reform efforts. Meanwhile, Cyprus could bring a bond after completing a roadshow last week.

China Reinsurance priced Hong Kong’s third largest IPO of the year at the top of the range to raise HK$15.58bn ($2.01bn), drawing an outpouring of interest from global investors. The trade has buoyed hopes among equity capital markets bankers as they seek to put a sullen summer behind them.

Coffee Day Enterprises has priced its Rp11.94bn ($183m) IPO at the top end of guidance, finding more than enough demand from investors. The deal’s success, particularly thanks to interest from institutional accounts, has paved the way for the next big Indian listing as InterGlobe Aviation gets ready to take off.

Sino-Singapore Tianjin Eco-city (SSTEC) and Rizal Commercial Banking Corp are both eyeing the offshore bond market, with the issuers hiring banks for their respective offerings.

Chinese developer Soho China has wrapped up a tender offer to repurchase its outstanding notes as part of a debt management exercise. But as the bond price rallied to the repurchase level after the announcement of the transaction, the company managed to buy back less than half of the notes.

With China’s President Xi Jinping due to arrive on Monday for his first state visit to the UK, the People’s Bank of China (“PBoC”) decided to launched its debut CNH central bank note in London on the same day, mandating HSBC and ICBC as joint global co-ordinators.

A Berlin Hyp €500m five year was the success story of covered bonds issued this week from banks in the eurozone, standing out among deals that also included bonds from Caisse Francaise De Financement Local (Caffil) and Raiffeisenlandesbank Niederösterreich-Wien (RLB-NW).

Senior SSA bankers are fretting that situations such as this week's clash between two Dutch agencies, which drove one of the pair to pull its deal, could become unavoidable, writes Craig McGlashan.