HSBC

Agricultural Bank of China (ABC) Dubai Branch is set to launch its debut renminbi-denominated bond this week, two bankers close to the deal have told GlobalRMB. The deal will mark the first offshore RMB bond from the UAE operation of a Chinese bank and paves the way for Dubai to become the RMB hub for the Middle East region.

Sri Lanka’s National Savings Bank (NSB) has opened guidance on a new dollar bond which is capped at $250m. Rarity in terms of both credit exposure and deal size should mean that the bond receives plenty of orders, according to bankers.

China Taiping has opened guidance on what is the first perpetual bond from an Asian insurance company. The launch follows a series of investor meetings in Europe and Asia last week.

Arcelik, a Turkish home appliances and consumer electronics company, has mandated BNP Paribas, Citi and HSBC for a euro-denominated Reg S bond. The deal will mark the first ever bond in the currency for a Turkish corporate.

The Indian government has started holding investor roadshows which will seek investors’ interest for the sale of shares in Steel Authority of India Ltd (Sail) even though the meetings are being described as non-deal by bankers.

HSBC veteran Annemarie Ganatra has resurfaced at Standard Charted in Hong Kong as the bank’s new head of MTNs.

China's State Administration for Foreign Exchange (Safe) approved Rmb21bn ($3.4bn) of new Renminbi Qualified Foreign Institutional Investor (RQFII) quotas in August, according to data just published by Safe. Of the 18 entities receiving quotas, nine were getting their first, including UK arms of HSBC and BlackRock, who got the two biggest approvals of the latest batch.

Guarantor: German Financial Market Stabilisation Fund (SoFFin)

Rating: Aaa/AA+/AAA

Unédic is set to become the third issuer this week to bring a euro benchmark after the summer, having mandated a deal for Friday following deals for Finland and Bank Nederlandse Gemeenten (BNG) earlier in the week.

Mergers and acquisitions are set to be an important driver of corporate bond issuance this autumn. Deal mandates are already building up — in fact, M&A is the driver for virtually all the deals that have yet appeared in Europe’s corporate bond pipeline this season.

Agence Française de Développement has hired banks to arrange a string of investor meetings in Europe before a potential debut climate bond in euros.