HSBC

France’s BPCE has begun taking orders for its Basel III complaint tier two debt in the offshore renminbi (CNH) market, opening books to what looks to be its debut dim sum bond on Wednesday. If it goes ahead with its plan, it will be the fifth non-Chinese bank to tap the CNH market to boost its Basel III tier two capital buffers.

Orbit, a UK housing association, has issued its first corporate bond: a £250m secured deal with a 30 year tenor, of which £50m was retained for future issuance.

Emirates NBD printed a €550m seven year bond on Tuesday, a breakthrough for Middle East banks in the euro market. But bankers said they are uncertain whether other issuers will now follow.

The Bank of Bahrain and Kuwait (BBK) has taken over $800m of orders for its five year Eurobond. The deal is due to price later on Tuesday.

Australia and New Zealand Bank issued a Basel III tier two bond in Singapore dollars on March 16, raising S$500m ($360m) from a 12 year non-call seven transaction.

Bank of China Aviation is planning to meet with investors over a potential dollar-denominated offering starting on March 18. But unlike all its previous outings, the aircraft leasing company is choosing a different route as it sets its sight on a 144A trade.

A pair of European public sector borrowers are poised to bring five year dollar benchmarks on Tuesday, a move away from last week’s spurt of three year deals.

Virgin Media, the UK cable and mobile communications company owned by Liberty Global, printed on Tuesday a senior secured bond issue to refinance debt.

The Bank of Bahrain and Kuwait has released price guidance for its first bond for five years.

Emirates NBD has released price guidance for a euro benchmark which bankers hope will act as a market opener for Middle East banks, but the talk looks generous, according to rivals.

Australia and New Zealand Bank is making a rare foray into the Singapore dollar market, opening books to what is only its second ever outing in that currency on March 16. But unlike its straight bond from five years ago, ANZ is opting for something different as it seeks to bolster its coffers with a Basel III tier two offering.

Valeant Pharmaceuticals International, the Canadian drugs company, sold the largest syndicated high yield bond in the healthcare sector on record, according to Dealogic, and also the largest Canadian syndicated high yield bond on record across all sectors.