HSBC

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.

Turkcell has mandated BNP Paribas, Citi and HSBC for a debut dollar bond and is set to meet investors in the US and Europe next week ahead of the deal.

China Development Bank is set to meet investors from September 21 in Europe ahead of issuing bonds in multiple currencies.

China Reinsurance Corp and CICC passed their respective listing hearings with the Hong Kong Stock Exchange on September 17, clearing the way for a pair of chunky IPOs in the city.

Chinese paediatric nutrition company, Biostime International, has signed a $450m one year bridge loan to fund its acquisition of Australian firm Swisse Wellness.

Bankers are preparing for a torrent of dollar high grade issuance after the US Federal Reserve voted to keep rates on hold on Thursday.