HSBC

An Emirati financial has mandated banks for a tier one dollar transaction, adding to the Middle East post-summer pipeline.

At least one CEEMEA borrower is hoping to bring that market’s first dollar green bond before year end, and in a size larger that the modest euro prints done so far.

San Miguel Corporation’s SMC Global Power Holdings Corp has mandated eight banks as the company hopes to return to the dollar bond market with perpetual subordinated notes.

HSBC has appointed Michael Bevan as its new head of financial sponsors group (FSG) for Asia Pacific, according to an internal memo seen by GlobalCapital Asia.

HSBC promoted its latest high profile UK hire, Philip Noblet, to co-head of UK banking, moving Natalie Blyth, the previous co-head, over to commercial banking.

A $550m borrowing for Bank Rakyat Indonesia’s (BRI), which is due to be prefunded by a club of 11 banks, is expected to go into general syndication. Lenders are waiting for Bank Indonesia approval and are targeting signing by the end of August, with the first drawdown in the first week of September.

Three of the UK’s biggest banks raised $5bn in senior and sub notes across the curve in the dollar market on Monday, while ING Bank still managed to beat them all in terms of size.

A Standard Chartered led borrowing for automobile parts maker Zhongding Hong Kong will see the company fully exercise a greenshoe, taking the loan size to €150m ($165m). Eight banks have committed to the facility during general syndication and two more are processing their approvals.

Bank of Communications (BoCom) Financial Leasing is preparing for its first bond of the year, having mandated five banks to run the deal.

Côte Restaurants, the UK chain of French-styled restaurants being bought out by BC Partners, has avoided general syndication and allocated a £138m leveraged loan with early bird lenders.

ING Bank launched a dual tranche benchmark in dollars on Monday morning, as the currency continues to provide a funding outlet for European banks.

Intercontinental Hotel Group rounded out a lively week for investment grade corporates on Friday, showing that investors still have a good appetite for paper despite the summer lull by successfully tapping the sterling market.