HSBC

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.

Kuwaiti Burgan Bank is still looking for an opportunity to print its tier one perpetual note this week Emirates NBD's $500m perpetual — a comparable deal from Wednesday — having fallen 1.5 cash points in secondary trading since it was priced.

China Development Bank raised Rmb2bn ($325m) from a dim sum bond issued in London on Friday on a day that saw a raft of announcements intended to boost the use of offshore renminbi in the city as bankers and policymakers took part in the 6th UK-China Economic Financial Dialogue.

Hong Kong’s Chong Hing Bank will be meeting investors this week for a proposed additional tier one (AT1) bank capital issue. If successful, the deal would be not only Asia’s second dollar Basel III AT1 transaction but also the borrower’s first international issue in almost four years.

Allocations are out for Chinese real estate company Franshion Properties’ HK$4bn ($516m) three year dual currency loan that was launched in May to back plans for listing its hotel assets on the Hong Kong Stock Exchange. The deal took a while to close as the borrower’s sector was not a popular one among lenders, said bankers.

Hong Kong’s landmark sukuk comes with a host of potential benefits for the wider Islamic finance market, Rafe Haneef, chief executive of HSBC Amanah Malaysia in Kuala Lumpur told IFIS. The deal’s success should help encourage other regional sovereigns to consider sukuk, but also has valuable implications for the dim sum and mainland Chinese markets.

ICICI Bank took the market by storm on September 11 by pricing a $500m 5.5 year deal with a coupon of just 2.5% – the lowest ever achieved by an Indian lender.

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Covered bond issuers priced 10 benchmark sized deals this week, raising €11bn on the back of an aggregate €26bn of demand. Average order book sizes were boosted after the European Central Bank announced last week its intention to proceed with a third covered bond purchase programme.