HSBC

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.

HSBC has hired a banker from Citi to replace Charlie Morin, who left his job as head of FIG DCM for France and Belgium last month.

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

China Life Insurance Company braved the volatile global market on June 25 to sell the country’s first core tier two subordinated insurance bond. China’s largest underwriter set a benchmark for insurance capital under the country’s new regulations, and more are expected to come.

CJ CheilJedang Corporation has picked three banks ahead of its upcoming offshore bond, which is likely to be in hybrid format.

Korea Gas Corp (KoGas) mandated six banks as the company gears up for a benchmark sized return to the dollar bond market next month.

Colombian state oil company Ecopetrol on Tuesday notched up a deal that bankers saw as going as well as could be expected given a less than vibrant market and that it was the borrower’s first issue since oil prices began to fall.