HSBC

China Construction Bank (Asia) printed a landmark transaction on February 4 as it became the first Chinese bank to sell a senior bond in euros.

Aluminium company China Hongqiao is braving rough conditions to seek a $600m loan, which is being led by five banks. The borrower is offering generous returns, given the heightened risk surrounding the commodity sector.

The Asian high yield market has finally opened up, with issuers pouring in to get a start on their backlogged funding. But as a pair of first-time southeast Asian companies were forced to extend bookbuilding after failing to gain sufficient appetite, bankers said the market was not yet ready to embrace untested and unknown issuers.

Reliance Industries tapped the dollar bond market for the second time in two weeks, raising $750m from a 30 year bond on February 3. Even though it was not by design, having the deal come at a later stage proved to be a masterstroke as Reliance was able to achieve some top notch pricing.

SNCF Réseau sold its largest ever benchmark on Tuesday, showing it had little problem tempting investors back to its paper after rebranding from Réseau Ferré de France (RFF).

Australian energy company AusNet Services has mandated four banks for its third euro bond.

Russian Standard Bank’s attempts to update its 10.75% 2018 notes is turning into something of a saga with the bank raising the late consent fee for the second time. The bank postponed its first offer after failing to secure investor support in December but analysts had expected the second attempt to be a success.

National Bank of Abu Dhabi has released initial price thoughts for a five year dollar benchmark at 90bp over mid-swaps, equating to only around a 10bp pick-up from the secondary trading of its August 2019s.

Reliance Industries tapped the dollar bond market for the second time in two weeks, raising $750m from a 30 year bond on February 3. Even though it was not by design, having the deal come at a later stage proved to be a masterstroke as Reliance was able to achieve some top notch pricing.

The month-long gloom surrounding Chinese property credits looks to be finally dispersing after Shimao Property Holdings priced the sector’s first high yield bond of the year on February 3. Not only did the transaction attracted a huge order book, it also managed to attain solid pricing, which paves the way for its peers to follow.

Chinese technology giant Tencent has decided to go ahead with a Reg S/144A transaction while it was in the middle of non-deal roadshow after it wasencouraged by strong feedback from US investors and the recent robust trading sessions.

The Luxembourg branch of Industrial and Commercial Bank of China is planning its very first outing in the offshore debt market, having mandated banks for a US dollar Reg S offering.