HSBC

Government owned copper company Corporación Nacional del Cobre de Chile (Codelco) raised $980m of 30 year bonds on Tuesday in the fifth cross-border bond issuance from the country in five days as part of the government’s plan to modernise the company.

As the Canadian financial sector and provinces strive to create a North American renminbi hub within the sovereign’s borders, SSA issuers from the country have shown their support for the currency by returning to the dim sum market with a bang.

The pricing deadlock between supranational and agency issuers of green bonds and investors began to fracture this week, after NRW.Bank sold paper that some bankers said was priced through its conventional curve.

Syndicating a reopening of a 55 year bond in a month where sterling was shaken by volatility could have been tough for the UK Debt Management Office this week. But it passed the test with flying colours, attracting its largest book ever on an ultra-long syndication and breaking the 3% yield bogey for the first time.

Investors have successfully pushed pricing wider on three leveraged loan deals that are closing this week, with RAC, a well liked credit, the latest to flex for investors.

Bank of Nova Scotia (BNS) priced its third euro benchmark of the year, and its fourth covered bond benchmark across all currencies, on Tuesday. The deal took advantage of space created by robust Eurosystem central bank demand at the short end. And responding to reverse enquiry, the issuer also priced a £250m three year floater.

Louis Dreyfus — Geberit — Heathrow — Arkema

Amdipharm Mercury (AMCo), the UK generic pharmaceuticals group owned by Cinven, has widened pricing on its £984m refinancing and recapitalisation loan, as investors worry about a £420m dividend for its owners.

Afreximbank printed a $200m tap of its $500m 4.75% 2019s on Wednesday from a $475m book. The note was sold at a 10bp-15bp new issue premium.

The US investment grade corporate bond market barely blinked this week when the US Federal Reserve called time on quantitative easing. Companies hit the market ahead of what is expected to be a bumper November for new issuance.

Asian Development Bank brought its first dim sum in four years on Thursday, hot on the heels of a private placement in the format from Export Development Canada — its second offshore renminbi deal ever. The trades follow a dim sum from Province of British Columbia earlier in the week.

Nigeria’s Fidelity Bank is looking for a $100m two year loan, at the start of an expected wave of international loan financings from the country.