HSBC

Bank of China (BoC) is considering dropping the euro tranche for its debut additional tier one (AT1) after failing to generate enough interest for that currency on its global roadshow.

UK pharmaceuticals group Amdipharm Mercury, owned by Cinven, has launched a £985m-equivalent loan that will refinance debt and recapitalise its senior debt structure.

A quiet Philippines IPO market is finally about to see some action with luxury goods retailer SSI Group set to open books for a Ps6.5bn ($146m) transaction on October 15. While the size of the offering has been drastically reduced by 40%, the IPO is still expected to be the largest in the country this year.

China is keen to step up the pace of internationalising the renminbi - and European governments are keen to help. France is preparing to issue a renminbi bond, three banking sources have told Emerging Markets, a sister publication of GlobalRMB. Luxembourg is also considering a deal, one said.

Chinese clean energy firm ENN Energy Holdings has mandated HSBC and UBS to arrange a series of investor meetings that are due to begin in October 13.

Greenland Global Investment returned to the offshore debt market for the second time this year on October 10, getting a better response now that investors have had time to get to grips the deal’s onshore-guarantee structure.

Unibail-Rodamco, the French property company, achieved tight pricing on its latest eight year euro issue thanks to strong demand from across continental Europe.

The green bond market has enjoyed one of the most remarkable weeks in its short life, with a series of deals that bankers say could help change the future of the market — and that all were priced roughly close to their issuers’ conventional curve.

Atrium European Real Estate, an operator of shopping malls in central and eastern Europe, priced its second euro-denominated bond in line with guidance on Thursday.

Although this week’s primary covered bond supply was limited to three deals and the near term outlook is limited by AQR results and Q3 reporting blackouts, demand reached a substantial €5.4bn of orders. Notable activity included the first public sector issue under Belgium’s covered bond law and the tightest ever Canadian euro print.

The New Zealand dollar market has quietened down since the summer and is likely to slow more in coming weeks but Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) and Korea Eximbank found five year demand this week. Elsewhere in non-core currencies investors flocked to a rare appearance by the Province of Lower Austria in Swiss francs.

Investors flocked to Quebec’s first dollar benchmark in nearly two years this week. Although the province had intended to issue $1bn, the scale of the demand enabled it to print its largest ever deal in the currency.