HSBC

Zhuhai Huafa Group is preparing to make its second foray into the offshore bond market, with investor meetings expected to kick off on July 23 for a renminbi offering.

Three companies on Tuesday added to the prospects for corporate bond issuance in Europe this week. Bolloré and RWE are set to complete deals roadshowed in June while Eurofins scientific has given a new mandate.

BNP Paribas has hired Alex Karolev from HSBC for emerging market syndicate.

World Bank joined a swarm of issuers looking to print in the dollar market with a mandate on Tuesday for the first 10 year benchmark in seven weeks.

China Construction Bank (CCB) Financial Leasing Corp came straight to the market after a roadshow for its debut dollar outing. Bankers on the deal hope the borrower’s strong name in a rare sector as well as decent premium attract strong demand.

Tata Steel is looking to reprice a $3.1bn refinancing it sealed in 2014 and has asked banks on that deal for feedback. Although the loan is not performing remarkably in secondary, the company will be able to cut costs thanks to its solid banking relationships, said a source who worked on the 2014 borrowing.

Existing shareholders have sprung into action to support Jardine Cycle & Carriage’s S$1.0bn ($729m) one-for-nine rights issue, with the deal ending up well oversubscribed.

Swiss travel retailer Dufry began roadshowing on Monday its €500m high yield bond, part of the financing package to support its buyout of World Duty Free.

The corporate bond pipeline is swelling again as Transport et Infrastructures Gaz France, the French gas distribution and storage company, mandated banks on Monday for its second ever euro deal.

A French agency is the latest SSA issuer preparing to tap a dollar market that is in good health — although not every point on the curve may be open for borrowers wishing to follow this week.

Three Chinese names are meeting with investors for new bonds. China Oilfield Services (COSL) and HNA Capital have mandated banks for dollar offerings, while Capital Juda has opted for offshore renminbi (CNH) on its first international outing.

HSBC has appointed Tim Spray as head of loan syndications EMEA, less than three months after he was given a new role at UniCredit.