HSBC

German wheelchair maker Sunrise Medical’s €315m acquisition loan has begun trading in secondary markets after being priced in line with initial guidance.

The return of one of China’s big four banks next week has put the market in a state of eager anticipation, with Bank of Communications (BoCom) set to go on the road for an additional tier one (AT1) preference share offering that could be as large as $2.46bn.

The first dollar bond to emerge from China following the Greek debt agreement proved to be a hit, with Shanghai Construction Group (SCG) attracting an eight-times covered book for a $400m offering.

China Minsheng Investment (CMI) went live on July 16 with its debut dollar bond, while China Minmetals Corp has appointed banks for a dollar bond.

Banco Mercantil do Brasil extended the settlement date for a buyback of its 2020 dollar denominated subordinated debt this week, because it has not yet received central bank approval to increase the amount it can purchase.

Tianjin Binhai New Area Construction & Investment Group did not have the best start to life in the dollar bond market, after both its three and five year notes widened by 10bp on their first day of trading this week.

South Korea’s Nonghyup Bank made a rapid return to the offshore bond market on July 15. Having learned lessons from its reduced outing last year, the Korean lender shuffled its banks and opted to raise just $300m. More importantly, bankers believe this deal could act as price guidance for Kookmin’s upcoming covered bonds.

An unwelcome slump in deal activity comes just as banks are getting back on the front foot, writes David Rothnie.

Aéroports de Paris reopened the corporate bond market on Wednesday after two weeks' silence, using an attractive new issue premium to amass a €5bn order book for the €500m deal.

The European Stability Mechanism has sent out a request for proposals for a euro benchmark — and could ape the European Union, which brought a five year on Wednesday, said public sector bankers.

Korea National Oil Corp (KNOC) has announced a series of investor meetings in Asia, Europe and US as it gears up for the first offshore bond of 2015.

The future of Greece as a eurozone country was hanging in the balance on Wednesday — all but shutting down the euro benchmark market for public sector borrowers.