HSBC

HSBC’s two top executives faced the bank’s shareholders in Hong Kong at an informal meeting on Monday, where they were grilled on issues ranging from the scandals that have engulfed its Swiss unit to the bank’s ability to pay dividends amid increasing capital constraints.

India’s VRL Logistics has closed books on a hugely successful Rp4.68bn ($75.20m) IPO, with the offering 74.26x covered. The trade is now expected to price at the top end of guidance.

Doosan Heavy Industries & Construction has opened books for its first dollar bond in the offshore market on Monday, having completed a global roadshow last week.

Shenzhen Qianhai Financial Holdings has mandated a legion of banks to arrange investor meetings ahead of its maiden offshore renminbi-denominated (CNH) bond.

Investors welcomed the return of Industrial Bank of Korea (IBK) in the dollar bond market on April 16, happy to get their hands on one of the less active policy banks. Pleased with the quality of the order book and the pricing level, the issuer decided to increase the size to $700m.

Hindustan Petroleum Corp’s (HPCL) $400m 39 month facility has attracted two to three commitments so far, said bankers.

South Korea’s Nonghyup Bank has selected four banks ahead of $300m Reg S outing in the first half of 2015. The Korean lender is looking to ride the recent bullish tide for Korean financial bonds and is willing to increase the size if demand is strong enough.

India’s Bharat Petroleum Corp (BPCL) has mandated four banks to help with the company’s return to the dollar bond market following a two and a half year absence.

Investors mobilised this week, revolting against the European Central Bank’s quantitative easing programme, forcing eurozone periphery sovereigns to fund themselves at yields that predate central bank buying for the first time since the ECB’s public sector purchase programme began last month.

The European high yield market this week was in ebullient mood as borrowers left behind the Easter holidays and brought a wide variety of deals to market.

Busy Bee, the UK nursery and early education provider for under-fives, held a bank meeting on Wednesday to market its £210m term loan ‘B’.

Leveraged loan supply is set to chug along at low levels through the second quarter, yet despite such paucity of product buyside, discipline is holding firm.