HSBC

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.

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.