HSBC
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Gecina, the French real estate investment trust, issued a €500m 10 year bond on Monday, attracting a vast order book and paying a small new issue premium. -
German online hosting provider Host Europe will launch £535m-equivalent of leveraged loans this week, most likely on Monday afternoon, as part of its acquisition of Intergenia.
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Eurofins Scientific, the French food and drugs testing company, has mandated three banks for an investor roadshow that could lead to a senior unsecured bond.
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German railway wagon hire company VTG has mandated HSBC as sole bookrunner for a hybrid bond of at least €230m to part-fund its acquisition of competitor Ahaus Alstätter Eisenbahn.
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Philippine bank Rizal Commercial Banking Corp (RCBC) launched bookbuilding for a five year dollar bond on Monday, January 12, as part of its fund raising exercise under a $1bn MTN programme.
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Export Import Bank of Korea (Kexim) was back in the international debt market on January 12, opening books to a SEC-registered dual tranche benchmark transaction that is split between a five year and a 10 year.
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Bank of Communications (BOCOM) priced a three year dollar transaction on January 9, becoming the third financial dollar bond this year following China Huarong and Japan’s SMBC. Although the regular issuer witnessed a rather slow bookbuilding at the beginning, the Chinese deal gained momentum as onshore banks piled in to get their hands on a popular credit.
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Billionaire Li Ka-shing is carving out separate property and non-property businesses from his two main holding companies in a landmark reorganisation of his vast empire.
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Bank of Communications started receiving bids for a three year dollar transaction on January 9 as it looks to ride on the positive momentum created by China Huarong Asset Management and become the third financial institution to price a bond this week.
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Republic of Indonesia started 2015 in style on January 8 with a $4bn dual tranche behemoth that was five times subscribed. The overwhelming demand meant the sovereign was able to shave 150bp off its funding costs.
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HSBC is losing one of its key senior members next month with Anita Fung, group general manager and chief executive officer of HSBC, Hong Kong, leaving the firm to pursue opportunities outside the group.
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