HSBC

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

Russian Standard Bank (RSB) is taking an innovative approach to buffering its capital ratios. Its is asking bondholders to approve a restructuring of its old style 10.75% subordinated 2018s which would make them Basel III compliant. Analysts are unsure whether investors will accept the offer.

The Republic of Indonesia has picked the banks that will sit on its bond panel next year, dropping one bank and appointing two new members.

Bond investors were out in force on November 25 as they sought to get a slice of Beijing Capital Land’s senior perpetual non call five dollar bond. An improving industry backdrop, good pricing and a favourable structure helped propel the deal past the finishing line.

The National Mortgage Corporation of Malaysia (Cagamas) has mandated CIMB, HSBC, RHB and Standard Chartered to arrange its inaugural dollar bond, just two months after it issued its first offshore CNH bond.

Chile, holding investor meetings in Europe this week, is yet to make a decision on currency or maturity, according to a banker working with the sovereign.

Renault returned to the dim sum bond market on Wednesday, after making its debut in 2012 and a return visit in 2013. This time it brought a Rmb500m (€65m) three year issue.

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

Big acquisition financing trades graced the dollar market ahead of the Thanksgiving holiday while Medtronic rounded off investor calls ahead of an anticipated $10bn M&A trade expected to come next week. All told, November has been the busiest month for US high grade supply — $87bn —since September 2013.

ISS Global, the Danish cleaning and facility services company, has issued its first bond as an investment grade issuer after its IPO in March. The company priced a €700m 5.1 year and a €500m 10 year issue on Monday.

Huadian Fuxin Energy Corp has raised HK$1.72bn ($222m) through a private placement of H-shares to a group of 10 investors, with the company’s sector of operation winning the favour of the market.

Bond investors were out in force on November 25 as they sought to get a slice of Beijing Capital Land’s senior perpetual non call five dollar bond. An improving industry backdrop, good pricing and favourable structure all helped to propel the deal past the finishing line.