HSBC

The Province of Trento’s funding arm Cassa del Trentino came to market early with a long dated medium term note to take advantage of strong performance in Italian government bonds. Meanwhile, Cassa Depositi e Prestiti mandated banks for a roadshow.

Heathrow has signed a £2.15bn refinancing of its revolving credit and liquidity facilities with a syndicate of 22 banks. The loan comprises a £1.4bn revolving credit facility and a £750m standby liquidity facility.

Malaysian state-backed mortgage lender Cagamas Berhad has sold its first ever privately placed MTN in a foreign currency.

HSBC’s third quarter profits and revenues were flat on last year's, as a punchy performance from the markets division was swallowed up by yet more conduct charges, including a $701m provision for payment protection insurance, a $550m US mortgage settlement, and a $378m provision against the Financial Conduct Authority’s foreign exchange investigation.

China Construction Bank (Asia) is meeting European investors from Wednesday November 5 in what looks to be busy week for the franchise as parent CCB readies itself to issue a CNH denominated tier two bond.

The Bank of England's Financial Policy Committee released its updated guidance on leverage ratio requirements on Friday afternoon. The new ratios look positive for the UK's largest lenders, being considerably less demanding than the worst case scenarios and with all but one of the country's global banks already meeting their requirements.

Intu Properties, the UK real estate investment trust, signed a £600m revolving credit facility on Friday. The five year loan carries a two year extension option.

Great Portland Estates (GPE) has signed a £450m revolving credit facility with a group of seven relationship banks to refinance two loans.

Market participants are bracing themselves for an onslaught of bank capital deals in the coming weeks after another member of China’s big four banks – China Construction Bank (CCB) – announced it will be meeting investors for a CNH tier two trade.

China Construction Bank International (Holdings) is in the market for a $100m three year loan with one mandated lead arranger and bookrunner.

Tata International priced the first ever Singapore dollar denominated perpetual bond from an Indian issuer on Thursday. Although small, the deal received strong support from private banks and was over six times subscribed.

New World China (NWC), the flagship mainland property arm of Hong Kong’s New World Development, has used a letter of support to price a five year dollar bond.