HSBC

HSBC has hired Elena Garcia-Hernandez, who moved to Banca Itau from JP Morgan less than a year ago, for its London syndicate desk. The bank has also reshuffled global syndicate, moving two bankers to Hong Kong.

China Construction Bank is set to price the first offshore renminbi bond in more than two months, which bankers say is part of the government’s initiative to open up the dim sum bond market. The notes will also mark the first CNH deal under the newly established NDRC rules.

Chinese developer Soho China has extended the offer period to buy back its existing bonds by a week, after noteholders tendered just 36% of the company’s 2022s.

An agency mandated for its first syndication in four years on Friday, with a deal to follow next week. The unconventional timeframe was in part to allow investors to reacquaint themselves with the borrower, said bankers on the deal.

Turkcell İletişim Hizmetlerii

Hengtou Securities priced its HK$1.54bn ($198.32m) IPO at the wide end of guidance on October 8, with support coming mostly from Hong Kong and Chinese investors.

The European Investment Bank brought a benchmark that public sector bankers hope can bring some stabilisation to the dollar market, as another supranational eyed up a potential new source of demand.

Royal Bank of Canada issued the first dollar denominated Canadian deal in three months at the widest spread this year, while Münchener Hypothekenbank supplied the only euro deal of the week.

Italy blew the doors off the market with the first eurozone periphery sovereign benchmark in a month. And with extra explosives from the European Central Bank, it may have blown a hole big enough for its peers to pile through, writes Craig McGlashan.

An SSA could bring a euro denominated socially responsible bond next week, joining several others that have mandated for deals, announced roadshows or brought innovative new issues this week.

The European Union reopened its 1.375% October 2029s to raise just over €1bn on Thursday and will use most of the proceeds to refinance a maturing loan for Ireland.

UK real estate company Grainger has refinanced an existing £120m facility, reducing the margin by 85bp.