HSBC

German agency KfW expanded its stable of green bond issues to a fourth currency this week when it sold a debut sterling-denominated green bond.

Apple is set to issue its first ever sterling bond, after mandating banks on Thursday. It is the third currency in which the issuer will have made its debut in 2015.

Bank of Communications managed to pull off a super-aggressive trade this week, pricing its $2.45bn additional tier one (AT1) offering in line with its larger peers Bank of China (BoC) and Industrial and Commercial Bank of China (ICBC). The key to that impressive feat was taking advantage of an investor base that had been starved of bank capital paper as well as higher yielding products, writes Rev Hui.

DBP hunts for funds — Oxley out with S$110m — LK Machinery seeks HK$600m

Thai Union Frozen Products Public Company opened books for a Bt12.72bn ($371m) preferential public offering on July 20, following non-deal roadshows that brought positive feedback from the investor community.

Three Chinese issuers came out on July 23 with new bonds. China Oilfield Services (COSL) and China Minmetals launched bookbuilding for dollar offerings, while Capital Juda started taking bids for a offshore renminbi (CNH) bond.

HSBC has named Greg Pierce head of markets, Americas, as the previous head Didier Deschamps moves to a strategic role.

Thames Water (Kemble) Finance Plc, the subordinated holding company vehicle of the Thames Water group, issued a £175m bullet bond on Tuesday, joining the dense flow of deals in a high yield market relieved of the eurozone’s recent tensions.

A European issuer is about to bring the first three year Maple bond in two years, after several moving parts moved into place to make the deal possible.

China Construction Bank (CCB) Financial Leasing Corp successfully issued its debut dollar bond on July 21. The $500m deal was multiple times covered as high quality investors competed to get their hands on the strong name in a rare sector that offered attractive pricing.

Bank of Communications (BoCom) opened books on July 22 to what is the first additional tier one (AT1) transaction out of China this year, selling a dollar-denominated preference share offering. Similar to its predecessors Bank of China (BoC) and Industrial and Commercial Bank of China (ICBC), BoCom already has plenty of clarity on the book ahead of launch in spite of some aggressive price guidance.

Die casting machine manufacturer LK Machinery Co has launched syndication for an HK$600m ($77m) three year amortising loan, picking HSBC and United Overseas Bank to arrange the deal.