HSBC

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.

United Biscuits drew a flock of lenders to the bank meeting on Friday for its £985m-equivalent loan for its acquisition by Yıldız of Turkey. Banks in particular are eager to gain a relationship with a new company in the European leveraged finance market.

Spie, the French engineering and communications firm, has launched a €725m loan to refinance its debt structure and pay a dividend.

UK department store chain John Lewis issued a £300m 20 year bond comfortably on Thursday, getting double the volume of orders needed, despite not having a rating.

QBE Insurance braved it alone in the subordinated market this week as it became the second Australian financial to tap the dollar market for a tier two bond that would convert to equity or write down upon point of non-viability (PNV).

Eandis, which operates gas and electricity grids in the Flanders region of Belgium, has issued a €400m 12 year bond to fund in part the acquisition of Electrabel’s 21% share in itself.

Dubai Parks and Resorts, a subsidiary of Meraas Holding, on Thursday closed the subscription period for the institutional tranche of its $688m public offering on the Dubai Financial Market.