HSBC
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Size is still coming at a price for SSA borrowers, with European Investment Bank paying a slightly elevated new issue premium for a $4bn five year on Tuesday. Despite this, bankers said a second trade from Erste Abwicklungsanstalt confirmed the market is in robust health.
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Ascendas Real Estate Investment Trust (Reit) attracted strong demand for its S$300m ($210m) subordinated perpetual bond, with institutional investors drawn to its credit rating and good name. -
The higher level of new issue premium SSAs have to pay in dollars is set to be showcased this week, after a pair of European borrowers hit screens on Monday with benchmarks in the currency.
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A eurozone periphery sovereign is set to meet investors before a possible euro syndication, as a pair of countries from the region unveiled their funding plans for the rest of the year.
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HSBC has announced Mehmet Emin Mazi will be taking over the role of global head of traded credit.
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Ascendas Real Estate Investment Trust (Reit) is looking to raise capital for a planned acquisition in Australia, wooing investors in the Singapore dollar hybrid market.
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China Reinsurance Corp and China Huarong Asset Management have kicked off the investor education phase of their respective Hong Kong IPOs, with both targeting multi-billion dollar offerings.
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Dongfeng Motor Group is set to meet investors ahead of what will be its first offshore bond. The company has opted for a euro deal as it aims to use proceeds to pay back part of a bridge loan in that currency.
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The Export-Import Bank of Korea (Kexim) has mandated four banks to arrange a non-deal roadshow that is set to begin on October 6.
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A conveyor belt of dollar benchmarks from SSAs passed quality control this week despite tough background conditions. But there are signs issuers are following those in euros by boosting concessions.
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The euro market’s strength over dollars is impelling public sector borrowers to line up the currency for rare or even debut visits — and there are strong signs this opportunity could last longer than earlier windows.
