HSBC

Goldman Sachs is set to list the longest tenor Formosa bond on March 3. The Rmb525m ($84m) 12 year deal, which had a formal pricing date of February 3 but was conducted with very little fanfare and has only just come to the attention of market participants, is also notable for being a zero coupon issue.

India’s Reliance Utilities and Power is tapping the offshore market for a $225m seven year senior secured term loan. The deal, which is now in general syndication, has one bank as the lead.

Real estate developer Country Garden Holdings is looking to become the first out of Asia ex-Japan issuer to tap the debt market following the end of the Chinese New Year holidays, opening books to a five year non call three transaction on February 26.

Abengoa, the Spanish engineering, construction and concessions company, is making a fresh move to cut its debt by reducing its shareholding in Abengoa Yield from 51% to 40%.

Intesa Sanpaolo drew a bumper book for a seven year senior print on Wednesday, highlighting the strong bid for an asset class that has seen minimal supply in February.

Haitong International Securities Group is back in the market for a fundraising of HK$4bn ($515m). It has picked four banks to lead the transaction, and they are syndicating the deal among a limited number of banks.

PPG Industries, the American paint, industrial coatings and glass company, has hired banks for a euro bond, as its existing €300m 10 year, issued in 2005, approaches maturity.

Whirlpool, the US household appliance manufacturer, has added to the burgeoning pipeline of US corporate bonds in euros by mandating four banks for a European roadshow.

BlueBay and HSBC have provided debt to support a secondary buyout of Synexus, the UK clinical trials coordinator, by LDC, the private equity arm of Lloyds Bank.

HSBC’s 2014 results underline the pain the bank has suffered from multiple conduct failures, as it swallowed $3.7bn of fines, settlements, customer redress and provisions through the year.

Danish wind turbine maker Vestas Wind Systems, which is unrated, has mandated banks for its second euro bond deal, five years after its debut in 2010.

Latin America bond bankers said that a drive for transparency in Central American countries explained why Costa Rica on Tuesday took the unusual step of issuing a press release stating it had mandated Deutsche Bank and HSBC for a bond issue later this year.