HSBC

Shimao Property Holdings has returned to the dollar market with a $300m tap of its $800m 2022s. As with the original deal, the new trade saw a huge order book and the issuer ended up giving what bankers agreed was the lowest new issue concession from a Chinese property developer in 2015.

Xinyi Solar raised HK$1.15bn ($148m) from a top-up subscription of shares on the night of Tuesday, March 10, with weak markets at the time of execution causing investors to be highly price sensitive. But thanks to the momentum provided by the company’s positive results one week ago and a hefty discount, the trade pulled through.

Canada is taking indications of interest on a three year dollar benchmark, amid a busy week of SSA issuance in the currency.

The European Stability Mechanism has made a strong case that negative yielding bonds are an option for SSA issuers, after building a thumping book for paper yielding minus 0.07%.

Dutch insurer NN group is set to continue a busy run for senior issuance on Wednesday, mandating banks on Tuesday for its debut senior unsecured print.

The Bank of Bahrain and Kuwait has mandated three banks to arrange a Reg S dollar benchmark bond after a five year absence from the market.

Shanghai-listed Fuyao Glass started premarketing its $900m IPO in Hong Kong on Tuesday, with bankers touting its size and scale as one of the world’s largest manufacturers of automotive glass.

Hong Kong-listed Xinyi Solar is looking to raise up to HK$1.175bn ($152m) from an overnight top-up placement of shares that launched to the market on the evening of March 10.

Indian company JSW Steel, which hit the syndicated loan market in November 2014 for a $250m five year bullet, has attracted commitments from four lenders in general syndication. One more bank is due to come on board soon.

Just one month on from pricing the year’s first bond from a Chinese developer, Shimao Property Holdings has returned to tap its 2022s for up to $300m, encouraged by the bonds strong secondary market trading.

The European Stability Mechanism will open books on Tuesday on what SSA bankers believe will be the first euro benchmark issuance to carry a negative yield.

Italian telecom company Wind Telecomunicazioni cut down the initial size of the loan portion of a refinancing to €700m, and upped its bond offering.