HSBC

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.

France’s state postal service La Poste priced a €250m tap with relative ease on Monday, as corporate investors put in orders for a name considered an agency by some. La Poste is rated A/A+.

The International Swaps and Derivatives Association is likely to have to change its licensing practices as a result of a $1.9bn credit default swaps price fixing settlement by banks, according to a source familiar with the case.

The euro pipeline for SSAs is fit to burst amid strong conditions, with a trio of issuers hitting screens on Monday and at least one borrower set to come with a deal later in the week.

Two insurance companies are meeting investors this week for tier two trades as the sector continues to beef up its capital ahead of the implementation of Solvency II in January 2016.

Renaissance Capital has hired Dan Harvey as a director on the firm’s equity trading desk in London.