HSBC
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Bank of China Hong Kong took the market by surprise on September 29 when it announced in the morning that it had successfully completed its Rmb1bn ($157m) Panda bond. That meant BOCHK, whose deal had been expected to run alongside a similar trade from HSBC that also priced on Tuesday, was able to claim the position of the first foreign bank to issue in China’s domestic bond market. -
The leads on HM Sampoerna’s Rph20.8tr ($1.4bn) follow-on have told investors that the trade is covered across the price range, after the Indonesian unit of Philip Morris International attracted a slew of long-only investors.
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A German agency is set to tackle the short end of the euro curve, as a fall in rates across the curve limits issuers’ options in the currency.
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Indian conglomerate Reliance Industries has opened its $1.47bn dual-currency loan into general syndication, with four participation levels available to lenders.
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Chinese developer Soho China has announced plans to buy back its existing bonds, a month after Moody’s and Standard & Poor’s each downgraded it by one notch.
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Several public sector borrowers are tipped to come into a reopened dollar market next week — but some SSA bankers warned that conditions are still not at full strength.
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Stagecoach Group, the UK bus and train operator, filled the book for a £400m bond issue more than twice over on Monday, breathing life into a previously empty sterling market.
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Banco Popular Español (BPE) and Caja Rural de Castilla-La Mancha (CRCLM) issued Cédulas this week that were barely subscribed and relied heavily on demand from the European Central Bank.
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The tug of war over the Spanish renewable energy company Abengoa ended on Thursday, with the founding family caving in to at least some of its banks' demands, in return for their underwriting a €650m capital increase.
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Banca Popolare di Vicenza this week hired leads for what could be the first periphery tier two bank deal in two months as institutions continue to line up capital trades in spite of high premiums and global market volatility.
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Weichai Power sold its debut offering this week in the first deal under new Chinese rules for offshore bond issuance. Despite the changes to the guidelines, market watchers reckon the impact on the DCM market will be minimal.
