HSBC

Korea National Oil Corp (KNOC) has made a successful return to the dollar bond market, with the recent sovereign credit rating upgrade allowing the borrower to enjoy a strong investor reception. Not only was it able to raise more than planned, but KNOC also priced the new bond inside its existing curve.

Weichai Power has opened books for its debut offering which will also be the first under new Chinese rules for offshore bond issuance that were released last week.

HSBC has promoted from within its ranks for the role of regional head of commercial banking, Asia Pacific, with Paul Skelton taking up the position from October 1.

A German agency is set to bring the second dollar benchmark from an SSA this week — quadrupling the number of such deals in September so far.

Vallourec, the French tubular solutions company, has signed a €400m four year revolving credit facility to replace bilateral loans of the same amount.

HSBC launched an additional tier one (AT1) note into unfavourable market conditions on Tuesday. The deal is the first bank capital trade since last week’s US interest rate announcement and offered healthy new issue concession in compensation.

Korea National Oil Corp (KNOC) opened books for a new ten year bond on Tuesday, in what will be its first debt sale of the year.

Indian conglomerate Reliance Industries has picked a big group of banks for refinancing a $1.5bn loan raised three years ago.

Agricultural Bank of China (ABC) is planning a roadshow in September for the world’s first offshore renminbi green bond that will be part of a multi-tranche deal. The trade scheduled to price ahead of president Xi’s visit to London in October and is one of a number of upcoming Chinese bonds aimed at the UK.

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.

HSBC lined up its second additional tier one of the year on Monday as FIG issuers start to re-engage with the market after a period of inactivity last week.

Daimler, the German auto company, has come to market with the first sterling offering by any borrower since August, albeit in the modest form of a £125m tap.