HSBC

HSBC has named Dojin Kim CEO of its Korean brokerage arm, HSBC Securities in Seoul. The former Goldman Sachs banker will also serve as the head of capital financing for Korea.

Korea Hydro & Nuclear Power (KHNP)’s new five year fixed rate note was six times over-subscribed on Tuesday. The Aa3/A+/AA- rated borrower offered investors something of a safe haven play amid the recent market volatility and strong demand drove pricing flat to the issuer’s existing curve.

Despite the virtual shutdown of the Russian international loan market, borrowers from the country continue to explore the possibility of deals. Two companies, Otkritie Financial Corp Bank (formerly Nomos Bank) and Acron, have been in discussion recently, said loans bankers.

Romania has released initial price thoughts for a 10 year euro benchmark at 200bp over mid-swaps, representing a pick-up of 20bp over the country’s outstanding curve, according to an origination official away from the deal.

China’s Tewoo Group is gearing up for its first foray into the debt market, mandating three banks to arrange a series of investor meetings that started on October 22.

Luxury goods retailer SSI Group has set final price guidance at the top of the range ahead of closing books for its Ps6.5bn ($146m) IPO on October 22.

IDBI Bank priced a five year dollar bond on Monday. While choppy markets saw the issuer pay some new issue premium, the borrower managed to take advantage of a lower rate window to price just wide of its curve.

Hebei Iron and Steel was forced to price its debut offshore bond more than 20bp wider than its closest comparables on October 20, despite the fact the bond was supported by a standby letter of credit from one of the joint global co-ordinators, Agricultural Bank of China. While SBLCs have reduced pricing in the past, it failed to help this time around as choppy markets proved to be too much.

German ball bearing manufacturer Schaeffler intends to issue €1.2bn-equivalent of senior secured bonds, making it the first high yield issuer in Europe to announce a new deal for nearly a fortnight.

NRW.Bank is expecting to double the size of its inaugural green bond with its second visit to the asset class, after kicking off a road show for a new bond.

Daisy Group, the UK business communications provider listed on Aim, has signed £400m of debt facilities, including a payment-in-kind loan supplied by Ares Management, to support a management buyout.

Hebei opens books for offshore debut China’s second largest steel maker, Hebei Iron & Steel Group, is looking to tap the offshore debt market for the first time, opening books to a credit enhanced dollar bond on October 20.