HSBC

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.

Cinven has mandated three banks to arrange a leveraged loan financing for its acquisition of Tractel, the French provider of equipment for working at height.

HSBC has taken a knife to its forecast of volumes of offshore renminbi bonds and certificate of deposits for the year, as attractive costs of onshore funding steal the limelight from dim sum issuance.

HSBC’s second senior unsecured dollar benchmark of the year and a $1.25bn hybrid deal from Citi provided the highlights of a relatively quiet week for financial issuance in the US.

Amdipharm Mercury, the UK generic pharmaceuticals company also known as AMCo, has allocated a €603.2m loan that raises new money and reprices existing facilities.

Amdipharm Mercury, the UK generic pharmaceuticals company also known as AMCo, has allocated a €603.2m loan that raises new money and reprices existing facilities.

Development Bank of the Philippines (DBP) is said to have chosen three lenders to arrange its financing of up to $300m.