HSBC

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.

Faurecia, the French car parts manufacturer, has refinanced a €1.15bn undrawn loan facility, hiring 10 banks.

The property arm of Chinese conglomerate COFCO Group, COFCO Land Holdings, completed a successful debut bond offering on November 10, with books more than 6.5 times covered.

US pharmacy chain Walgreen completed the bond financing of its acquisition of Alliance Boots on Monday with sterling and euro bonds totalling some €1.5bn. Strong demand for US credits allowed the bonds to be priced tightly, with the euro tranche considerably inside Walgreen's dollar bonds, according to one lead manager.

HSBC Global Asset Management has launched its China Multi-Asset Income Fund. The fund, which invests in both stocks and bonds in onshore and offshore Chinese markets, as well as H-shares, is slightly skewed towards equities.

Beijing Infrastructure Investment Hong Kong is due to kick off a series of investor meetings as it seeks buyers for its maiden offshore dollar bond to finance its capacity expenditure and general corporate purposes.

COFCO Land Holdings, the property arm of conglomerate COFCO Group, started receiving bids for its debut offshore offering on November 10. Demand for the bonds are strong with the order book in excess of $1bn by mid-morning.