HSBC

The Republic of Latvia sold its €500m 10 year bond on Wednesday attracting a €800m book and a new SSA investor base.

Industrial and Commercial Bank of China (ICBC) took the bond market by storm this week, printing a $2bn Basel III tier two offering, the first Chinese bank capital trade since May. Despite coming during a week dominated by speculation about the Federal Reserve’s decision on interest rates, ICBC still managed to meet its price and size targets, offering just a small new issue premium.

CLP Wind Farms, a unit of CLP India, became the first corporate from the country to issue a green bond on September 15. Market participants expect India’s green issuance to take off, as it needs such financing with more liquidity expected to guarantee pricing benefits.

HSBC and Standard Chartered are each working on their debut Panda bond issuance, aiming to launch the deals at end of September at the earliest, several sources have told GlobalRMB. If the deals come out as planned, these will also be first Panda offerings from financial institutions.

The Republic of Latvia has released initial price guidance at 40bp area over mid-swaps for its new 10 year euro denominated bond, representing only a 20bp new issue premium, but a doubling of the sovereign’s secondary spreads, according to bankers away from the note.

Industrial and Commercial Bank of China (ICBC) took the bond market by storm this week, printing a $2bn Basel III tier two offering, the first Chinese bank capital trade since May. Despite coming during a week dominated by speculation about the Federal Reserve’s decision on interest rates, ICBC still managed to meet its price and size targets, offering just a small new issue premium.

Hastings Group Holdings, the UK car insurance company, announced on Tuesday its plan to float on the London Stock Exchange, issuing about £180m of new shares. The deal will also include a secondary component.

Finnvera took its first ever billion sized bite of a core currency bond on Tuesday, enticing investors with a juicy pick-up over its sovereign’s curve.

Sanofi, the French pharmaceutical company, priced a €2bn three tranche bond on Monday — a large slice of the day’s activity as issuers kept up strong supply in a heavy-feeling European corporate bond market.

Swire Pacific found success with its $500m bond, making a comeback to the debt market after a gap of nearly two years. The scarcity element of Hong Kong names and the high calibre of the issuer helped drum up robust demand, allowing the company to price its notes with very little new issue premium.

HSBC has named a new Hong Kong CEO, a position that has been vacant since the departure of Anita Fung earlier this year.

Industrial and Commercial Bank of China (ICBC) opened books on Tuesday for a dollar tier two offering, taking advantage of the last issuance window before this week’s Federal Reserve meeting. The issuer is replicating the bullet structure used by Bank of China in its 2014 offering, a deal which saw a blowout response.