HSBC

China Minsheng Banking Corp (CMBC) Hong Kong and Agricultural Bank of China (ABC) New York have opened books to debut dollar notes on May 14, a week after China Merchants Bank (CMB)’s New York made a debut on the back of strong demand.

Huawei Technologies has launched its $1.2bn five year fundraising into general syndication, after firming up 12 mandated lead arrangers and bookrunners.

Following its well-received sukuk debut last year, the Government of the Hong Kong Special Administrative Region of the People’s Republic of China is back in the Islamic finance market with a series of investor meetings starting on May 18.

A pair of SSAs printed dollar benchmarks at the short end on Wednesday — a choice likely to be followed by another issuers in the currency next week.

The European Financial Stability Facility passed a tricky test in euros on Wednesday — but bankers were divided over whether it had opened the market for others.

French media group Lagardère has refinanced a €1.25bn credit facility and replaced one of its relationship banks.

DP World shook off turbulent markets on Tuesday to take a $3bn book for its $500m trade. While the borrower may have been pushed to issue to avoid blackout, pricing still came inside the borrower’s existing curve.

China General Nuclear Power Corp (CGNPC) managed to price a $600m 10 year deal this week, despite launching with a fairly aggressive price guidance. Investors were undeterred by the tactic which allowed the borrower to price inside fair value.

Weak German GDP figures helped drive a bid for Bunds on Wednesday morning, bringing a degree of stability after two weeks of volatility in eurozone government bonds.

Agile Property Holdings this week overcame a busy market and some residual wariness about Chinese high yield property credits to price its first deal in over a year.

Volkswagen is bringing its second Chinese auto ABS transaction, issuing an investor presentation for a deal that is more than twice the size of last year's debut. The new Rmb1.89bn ($305m) deal, called Driver China Two, is again set to feature ratings from Fitch and Moody's in a bid to attact international interest in what is still a fledgling asset class for China.

A pair of highly rated SSAs are set to dip into dollars on Wednesday, after two issuers had contrasting fortunes in the market on Tuesday.