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HSBC

  • CEE
    Bulgaria has finally announced roadshow dates for its new Eurobond. The mandate was first announced on the country's Ministry of Finance’s website in early February.
  • Teva Pharmaceutical Industries kicks off investor meetings in Europe next week. The borrower is looking to issue its first euro denominated bond since 2012.
  • CEE
    Armenia has mandated the same three banks for a new issue and buyback offer as it used for its debut in 2013.
  • Hutchison Port, Central American Bank for Economic Integration and ICBCIL opened books for their respective bonds on Thursday, March 12, in what is looking to be a busy end of the week for the Asian debt capital markets.
  • Logistics and supply chain company CWT has raised S$100m ($72.4m) from a five year offering. The issuer comes at a time when Singapore dollar issuance is starting to pick after the Chinese New Year break.
  • The Housing Finance Corp has raised £194m, which it will lend to 12 UK housing associations, with a second tap of its 2042 bond, guaranteed by the UK government.
  • KfW, the German state development bank, returned to the offshore renminbi (CNH) market on Tuesday. Investors jumped in, enticed by the strong credit, allowing the borrower to increase the size of the deal.
  • 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.
  • SSA
    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.