HSBC

The People’s Bank of China (PBoC) has unleashed a raft of measures to stimulate borrowing in the mainland, but the benefits are yet to trickle down to smaller credits. This gap offers an opportunity to foreign lenders, and they are increasingly being seen in renminbi syndications onshore, writes Shruti Chaturvedi.

Mexico made yet more capital markets history on Wednesday with the first ever euro denominated century bond for a sovereign issuer. But though some bankers claimed the deal came very cheap to comps, it came at a very low absolute cost for the maturity.

Amid a flurry of euro bonds, Daimler opted for sterling on Wednesday, with a tap led by HSBC of its £300m July 2018 bond.

The spark of life was seen in the senior unsecured market on Wednesday, with Credit Suisse’s senior unsecured bond, issued from its holding company, quickly achieving blowout status during the bookbuilding process.

United Mexican States is out with the first ever euro denominated century sovereign bond as it looks to complete its 100 year bond hat-trick.

Pacific Basin Shipping has opened books for a $125m convertible bond, just days after the Asia ex-Japan region saw its very first international equity-linked deal of the year.

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.