HSBC

Poland has mandated four banks for a bond in euros or dollars.

Two CEEMEA DCM bankers have departed HSBC — one poached by another bank and the other made redundant from the firm.

Turkish financial institutions have taken no notice of the slowdown of deals elsewhere in the CEEEMEA region, with several deals progressing this week.

Airbus, the European aircraft manufacturer, showed just how flashily the convertible bond market can buck trends on June 26, when it issued a €500m deal that won exceptionally good terms, even as other markets frayed.

Halkbank has agreed a $888m equivalent loan with banks, making use of the novel 364/367 day tenor structure introduced by peer Turkish banks this year.

HSBC sits in its traditional top stop in the sukuk league table halfway into to what should be a record year for international benchmark issuance. But its lead has shrunk to the smallest margin in five years, with regional banks snapping at its heels.

The Malaysian ECM market is getting ready for some fresh activity after a near two-month dry spell, with Sunway Construction Group throwing open books to an IPO worth as much as MR550m ($147m) that comes supported by a 10-strong cornerstone group.

China Life Insurance issued a core tier two subordinated bond on June 25 as it became the first Chinese insurer to get to grips with the country’s new insurance capital regime. Now that a benchmark has been set, other Chinese insurers are expected to follow in China Life’s footsteps.

HSBC has added a coverage banker to its Mexico business.

The International Finance Corporation (IFC) has chosen the lead managers for its first sukuk in six years.

Haitong International made a quick return to the syndicated loans market on June 26, just two months after it had wrapped up a HK$6bn ($773m) fundraising. Not only did the Chinese broker manage to fetch a bigger than expected HK$4bn, it also shaved 20bp off its margin with the latest outing.

Larger companies needing growth capital have a useful source in Mexico’s stockmarket, where demand in roughly equal quantities from domestic and foreign investors has supported a strong rise in issuance. It is going through a dip this year – but as Jon Hay reports, if Mexico delivers on reforming energy markets, there will be plenty of deals to come.