HSBC

Dubai Parks and Resorts closed the subscription period for the retail tranche of its $688m public offering on the Dubai Financial Market on Sunday, November 30.

A pair of German states jumped into the euro market at the start of the week, grabbing the opportunity to source cheap funding as speculation that the European Central Bank could start buying government bonds pushed Bund yields to record lows. But despite the luscious funding conditions, bankers are struggling to find supply.

One of Asia’s most consistent sovereign issuers, the Republic of Indonesia, is set to tap the market four times in three different currencies next year, according to a spokesperson for the country’s Directorate General of Debt Management.

Chinese property is back firmly on the menu this week two companies opened books and a second pair start roadshowing on Monday. Opportunistic borrowers piling into international bonds market to take advantage of the post-rate cut bullish sentiment.

BAIC Motor Corp, which has joint ventures with brands such as Mercedes and Hyundai, has stared educating investors about its $1.5bn-$2.0bn Hong Kong IPO that is set to open books on December 8.

RPC, a plastic packaging manufacturer in the UK, has refinanced a revolving credit facility to £490m as it looks to buy Icelandic competitor Promens.

Chinese passenger vehicle manufacturer BAIC Motor Corp is to start tapping investor interest for an up to $1.5bn IPO in Hong Kong on Monday after receiving listing approval.

United Internet, the German internet services provider, allocated a €600m Schuldschein issue this week, the largest since 2010.

Burberry Group, the UK fashion house, has refinanced a £300m five year revolving credit facility.

Low interest rates and tight margins are forcing international banks to find ever more diverse places to deploy their balance sheets, and the German Mittelstand is awash with new international lenders keen to do business.

Korea EximBank made a successful debut in Canadian dollars this week, easily topping its target size.

HSBC has moved the public sector DCM coverage it had in New York to London. The move affects Kevin Galligan, who was told of the decision last week, it is understood.