HSBC
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Würth, the German maker of screws and fastenings, opened the week’s corporate bond issuance in Europe with Monday’s sole corporate deal, drawing a solid order book at a skinny new issue premium.
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Tennet, the Dutch government-owned electricity transmission system operator, has mandated banks for its first green bond and will travel to meet investors next week.
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Taiwan’s United Microelectronics Corp (UMC) made full use of a strong rally in the market and its solid credentials to set aggressive terms for a convertible bond offering a negative yield, raising $600m in the largest equity linked issue in Asia ex-Japan so far this year. -
The Asia Pacific Loan Market Association has elected a new board of members to lead the industry body.
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Reliance Jio Infocomm, which wrapped up a $1.5bn dual tranche loan in November, has signed a $750m 12 year facility backed by Korea Trade Insurance Corporation (K-sure).
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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.
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Huawei Technologies has launched its $1.2bn five year fundraising into general syndication, after firming up 12 mandated lead arrangers and bookrunners.
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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.
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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.
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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.
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French media group Lagardère has refinanced a €1.25bn credit facility and replaced one of its relationship banks.
