HSBC

Instituto de Crédito Oficial (Ico) has scored a hat trick with the first ever socially themed bond from a Spanish public sector borrower — printing the largest ever deal in the format, squeezing its spread over Spain to single figures, and welcoming new investors. That could encourage other issuers to add the social format to their funding mix, said bankers — although there were more reasons for Ico’s success than just altruistic investors, including the European Central Bank’s new quantitative easing programme.

Bond investors are hoping for a flood of US supply in the coming weeks as companies emerge from earnings blackout following a disappointing start to the year.

Adveo — Nidera — Stanbic Uganda

Syndication for Dutch grain trader Nidera’s $800m revolving credit facility will close on February 17, according to a banker on the deal.

Sino-Ocean Land Holdings has finally ended the drought of Chinese property bonds with a dual tranche five and 12 year offering on January 28. But despite the success of the deal, bankers are sceptical that a wave of developers will follow in its steps.

Working in banking can often feel like a prison sentence – long hours, cruel compliance officers and no time off for good behaviour.

K Wah Financial Services has hit the market for a dual tranche fundraising of HK$3bn ($387m), with seven banks in the lead position. The mandated lead arrangers and bookrunners have invited only a limited number of banks to join, as the borrower is not looking for a big syndicate.

Baoshan Iron & Steel (Baosteel) is seeking to issue its first euro bond after mandating seven banks for a series of investor meetings starting on February 3.

Chinese property developer Sino-Ocean Land Holdings is looking to become the first from the much maligned sector to tap the international bond market this year, opening books to a dual tranche offering on January 28.

K Wah Financial is due to hit the market for a fundraising of over HK$3bn ($387m) and is said to have mandated seven banks for the syndication. The deal is likely to be in general as early as this week, said bankers.

Caisse d'Amortissement De La Dette Sociale has set guidance and opened books on its debut offshore renminbi deal, which could be priced as early as Wednesday.

UK housebuilder Barratt Developments has amended and extended a £700m revolving credit facility, a £100m term loan and $80m (£48m) of private placement notes.