HSBC

Hong Kong insurer FWD issued its debut international bond on Wednesday, September 17. Offering a Reg S 10 year dollar deal capped at $325m, the borrower received an enthusiastic response and was able to price the paper without a new issue concession.

Reliance Industries’ telecom arm Reliance Jio Infocomm has picked a consortium of 15 banks to lead its $1.5bn refinancing.

Industrial and Commercial Bank of China (ICBC) priced its Singapore and Taiwan dual listed offshore renminbi bond on Monday, September 15, with Taiwan investors in particular flocking to the deal.

Société Générale has hired Raj Malhotra to take charge of its debt capital market business in southeast Asia.

This week has been another banner period for offshore RMB business in London, with the UK government announcing an upcoming CNH sovereign bond, ICBC opening a wholesale branch in London, the UK’s inclusion in a future RQDII programme and the granting of another RQFII licence for a UK firm.

China’s Dalian Wanda Commercial Properties has filed for a listing on the Hong Kong Stock Exchange and is looking to raise more than $5bn from the IPO. At this size it will be Hong Kong's biggest ever real estate listing — and the exchange's largest listing since May 2011.

Insurance company FWD opened books for its debut international bond on Wednesday, September 17. The Hong Kong-based borrower is selling a ten year Reg S dollar issue.

Chile’s fourth largest bank, CorpBanca defied another difficult day in markets to attract hefty demand for its latest bond issue, allowing it to raise more than initially planned. CorpBanca’s existing bonds trading off during the two day sale process, but bankers on the deal said they were happy with pricing.

Dutch business publisher Bureau van Dijk has reached the deadline for commitments on its €845m loan, with small changes expected to the tranche sizes and perhaps pricing.

The UK bank predicts India is on its way to becoming the world’s fastest growing exporter by 2030. As the country picks up in export flow, HSBC anticipates potential for the automotive and pharmaceutical industries.

Luxembourg is kicking off investor meetings for the first euro denominated sukuk next week. Luxembourg is looking to become the leading Islamic financing hub in Europe.

HSBC is banking on continued growth in the property sector with the appointment of the two new regional heads for its real estate finance (REF) division.