HSBC

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.

Hong Kong listed Chinese company Texhong Textile Group has opened up a $90m three year fundraising, picking three banks as leads.

HSBC is preparing for a rise in distressed debt situations in Asia, hiring Sergio Morita as its first head of sourcing in the region. The bank expects more opportunities in special situations and distressed debt will arise from the increased stress on Asian companies following the downturn in commodity prices and defaults in China’s property sector.

Caisse d'Amortissement de la Dette Sociale is set for a market first this week, after mandating banks on Monday for what will be the first offshore renminbi bond from a French public sector issuer.

Hong Kong's Hutchison Whampoa has engaged HSBC as M&A adviser as it seeks £6bn of loans to buy UK mobile phone operator O2 for £10.25bn ($15.4bn) from Telefónica of Spain.

One of the most anticipated high yield bond issues of the year so far, Altice’s transaction to refinance its buyout of Portugal Telecom, is set to be priced today (Friday), and bankers believe it will confirm the market's vigorous health at the start of 2015.

International Container Terminal Services Inc (ICTSI) has convinced more than half of the holders of its outstanding subordinated perpetual bonds to exchange for senior perp as part of a liability management exercise by the Philippine company.