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HSBC

  • Malaysian conglomerate Sime Darby has picked four banks to supply the funds for its latest loan. The size of the fundraising is around $800m and it is split into a revolver and a term loan.
  • Yorkshire Building Society is set to sell its first tier two bond in years, building a substantial book for a £250m 10 year non-call five year.
  • Bank of East Asia has launched its first Basel III bond, opening book building for a tier two dollar offering on Thursday. It becomes the second Hong Kong bank this year after Dah Sing Bank at the start of 2014.
  • Aareal Bank, whose plans to repay a loan to the German government by raising additional tier one capital were derailed by capital markets volatility in July and September, is hoping the third time is the charm as it announced a €300 million perpetual non-call five year AT1 on Thursday morning.
  • China’s Wanhua Chemical successfully completed its first foray into the offshore debt market on November 12, pricing a three year dim sum bond.
  • AES Gener-owned Empresa Eléctrica Angamos is planning an $800m 14.5 year amortising senior secured bond to refinance project finance loans, according to sources close to the deal and rating agency reports.
  • Beijing Infrastructure Investment is looking to cement its place in the international market by tapping it for the third time this year. But unlike its previous attempts, the company has now opted for a slightly funkier structure via a dual-tranche offering on November 13.
  • Total on Wednesday priced a €1bn floating rate note and an €850m fixed rate bond, just a day after it issued a six year sterling deal.
  • The senior unsecured market made up for a slow start to the week on Wednesday as three deals hit screens. Lloyds was able to draw a hefty order book for a seven year fixed rate print, while Danske Bank and Morgan Stanley sold floating rate notes.
  • Dubai Parks and Resorts, a subsidiary of Meraas Holding, has announced plans for an IPO of Dh2.5bn ($680m), to fund the construction of a multi-theme park project at Jebel Ali.
  • E-commerce firm Alibaba Group, which signed a $3bn revolving facility with four lenders on August 30, has allocated the financing following a limited syndication. The loan, which features looser covenants than Alibaba’s last fundraising, has set a precedent for future financings by the company, as well as for revolving credit facilities in Asia.
  • One of the world’s largest plastics manufacturer, Wanhua Chemical, started taking orders for a CNH bond offering on November 12 as it looks to issue in the international debt market for the first time.