HSBC

Amdipharm Mercury, the UK generic pharmaceuticals company, has reduced the size of its £984m refinancing and recapitalisation loan and split the debt into amortising and bullet tranches.

Kingdom of Sweden

Bond investors have plenty of choices of which Chinese bank to put their money into after China Construction Bank (CCB) joined two of its peers in opening books on November 5.

Bank of China is well underway with its debut Basel III compliant tier two, opting for a single dollar bullet. The deal follows in quick succession the bank’s $6.5bn additional tier one (AT1) preference shares which it sold on October 15.

State-owned Shandong Shipping Corporation (SDSC) started receiving bids for a $200m capped bond on November 4 as the issuer looks to trump a busy market with a standby letter of credit (SBLC) provided by one of the joint global co-ordinators.

European companies from beleaguered industries, new to the market or under investor pressure had better think twice before they enter a high yield market willing to teach them a lesson before the year ends.

Arcadis, the UK engineering consultancy, has raised €174m by selling new ordinary shares in a rights offering.

Council of Europe Development Bank (CEB) has hired lead managers to run the first five year dollar syndication since a pair of deals failed to cross the line three weeks ago amid strong volatility in US Treasuries. Sweden and Caisse des Dépôts et Consignations brought deals with more conservative maturities.

The City of Ludwigshafen has hired banks to run a roadshow for what will be its debut syndication. Meanwhile, City of Berlin picked banks to lead a deal that is set to be priced on Wednesday.

COFCO Land Holdings, which is soon to be known as Joy City Property, is marketing its debut dollar bond. The borrower has mandated eight banks to arrange investor meetings which start this week.

Ontex, the Belgian producer of disposable hygienic products for babies and adults, is beginning on Tuesday a roadshow in London for a €250m high yield bond, after completing its IPO in June.

Saudi Arabia’s National Commercial Bank closed on Sunday the offer period for the sale of 300m of its shares, having attracted huge demand from its local market by offering a big discount.