HSBC

Denmark’s KommuneKredit was able to reach its maximum target size with a first sterling benchmark on Thursday.

Elis, the French workwear and bed linen laundry company, priced an €800m bond on Wednesday, its first issue since its €750m Paris IPO in February, to refinance in full its senior secured and subordinated notes.

NordLB is set to become the first of Germany’s Landesbanken to sell an additional tier one trade, mandating banks on Thursday to roadshow a debut print.

Nationwide hit the sterling market for a seven year print on Thursday, selling what some bankers reckon could be the last senior sterling before the UK’s general election.

Ahli United Bank sold its $400m tier one bonds on Wednesday, with leads having positioned the deal between Burgan Bank and National Bank of Kuwait.

This week's record-breaking dual currency bond from China Petroleum & Chemical Corporation (Sinopec) showed just how far Chinese issuers have come in the international bond market over the past few years. Sinopec managed to print an impressive $6.4bn and by doing so elevated its status to one of the elite borrowers in the region, writes Rev Hui.

Korea Resources Corp (KoRes) has started receiving bids for a return dollar bond this week. The Korean borrower aims to raise $300-$500m from the new trade as it has an outstanding $300m bond that comes up for redemption next month.

Philippine National Bank’s (PNB) $150m three year fundraising has wrapped up following an oversubscription. The facility attracted nine lenders during syndication.

Unrated French laboratory testing company Eurofins Scientific has issued a €300m hybrid bond without a roadshow. It was the company’s fourth hybrid bond issue.

Ineos, the chemical company, returned to the high yield bond market on Wednesday with a €770m deal to redeem $775m of notes it issued in 2012.

Bahrain’s Ahli United Bank has launched $400m of additional tier one notes at a yield of 6.875%, well inside the trading of comparable issuer Burgan Bank’s perpetuals though the deal is $100m smaller.

China Petrochemical Corporation (Sinopec) hit the market on April 21 with a mammoth $6.4bn offering that was split between two currencies and five tranches. While the size of the transaction was impressive enough, it was the deal’s top notch pricing and distribution that drew attention with bankers claiming that Sinopec now belongs to an elite class of issuers.