HSBC

Republic of Turkey is making its second appearance of the year in dollars and is out with an 11 year benchmark bond

The Korean DCM market is finally showing some signs of life, with Shinhan Bank opening books for a dollar denominated bond on April 8. Even though the Korean lender is expected to print a deal of only $350m-$500m, market observers are still excited by its appearance as it could be the first of a long list of names.

AAG Energy Holdings has lodged its preliminary prospectus with the Hong Kong Stock Exchange for an IPO that could raise $200m-$300m.

Fixed income investors are readying themselves for the return of Malaysia in the dollar market for the first time in almost four years. The sovereign is in the midst of a six day roadshow and is looking to refinance a $1.25bn sukuk that is due this year.

China Communications Construction Co (CCCC) has hired three banks to prepare a dollar-denominated senior perpetual deal. If it goes ahead, the deal will be the borrower's debut in the international bond market.

Volkswagen issued €500m of 2.5 year floating rate notes and €750m of 6.5 year fixed rate bonds into an improving corporate bond market on Tuesday.

A pipeline of financial institution deals is assembling following the Easter break, with ING hitting the road for its additional tier one deal in three continents and Achmea announcing a senior unsecured transaction.

French satellite group Eutelsat has refinanced €800m of loans with a syndicate of nine.

Formosa Plastics Group has mandated four banks to run a series of fixed income investor meetings next week ahead of a potential US dollar bond.

This has been the busiest first quarter ever for equity capital markets globally, driven by record activity in Europe, the Middle East and Africa and a near-record output in the Americas, writes Jon Hay.

National Bank of Kuwait made its first appearance in the capital markets since 2002, bypassing senior unsecured to sell a $700m additional tier one trade on Wednesday.

DVB Bank fell foul of Germany’s recent draft legislation on the status of senior debt on Tuesday, with a new issue failing to draw interest despite a juicy new issue premium.