HSBC

German online hosting provider Host Europe set out price guidance on £535m-equivalent of leveraged loans on Thursday, as part of its acquisition of Intergenia.

The Swiss National Bank’s shock decision to unpeg its currency from the euro on Thursday morning made selling a new May 2023 bond a tougher than normal task for Caisse d'Amortissement de la Dette Sociale, although the deal still hit full subscription, according to one of the leads. With the European Central Bank expected to announce sovereign quantitative easing next week, the window for eurozone issuers to print is getting smaller — although a new agency is known to be looking.

Enel, Italy's leading power company, announced on Wednesday that it would issue a benchmark 10 year bond in an exchange offer for up to €5.5bn of existing bonds, as part of a liability management exercise. The transaction is meant to extend Enel's maturity profile.

HSBC has picked Ehren Vokes as its new head of ECM southeast Asia following the departure of Matthew Song, according to sources.

The Republic of Indonesia started 2015 in style on January 8 with a $4bn dual trancher that was five times subscribed. The overwhelming demand meant the sovereign was able to shave 150bp off its funding costs.

China Huarong Asset Management and China Railway Signal & Communication Corp (CRSC) are lining up to take the Hong Kong market by storm this year, with both companies looking to bring multi-billion dollar IPOs soon.

Bank of Communications (BOCOM) priced a three year bond on January 9, relying on strong onshore investor demand to push through a slow bookbuilding process.

A HK$55bn ($7bn) bridge loan for Cheung Kong Property, newly-formed from the consolidation of the property businesses of Cheung Kong Group (CK Group) and Hutchison Group, will be syndicated by the two banks supplying the funds.

Export Import Bank of Korea (Kexim) staged a successful return to the international debt market on January 12, selling a SEC registered dual tranche deal that drew over $6bn of demand. Amid high levels of volatility since the start of the new year, bankers chose a good window for the Korean issuer, which achieved its goals for size and pricing.

South Korea’s Woori Bank raised smaller-than-expected $350m with its first dollar bond of 2015 on January 14. Due to the smaller order book size and slower bookbuilding process than usual, the South Korean lender had to settle for the lower end of what it aimed to raise, but has been enjoying a good performance in the secondary market.

Australia and New Zealand Bank (ANZ) has mandated five banks to run meetings with fixed investors for what looks to be the first Basel III bond from a non-Chinese bank in the offshore renminbi market.

Investment grade corporate bond issuance soared on Wednesday with a €1.75bn ($2.03bn) dual tranche deal from Toyota Motor Credit; benchmark bonds from Iberdrola and Evonik; and debuts from US Reit WP Carey, and UK charity the Wellcome Trust. In total, €4bn of bonds were issued.