HSBC

Brazilian meatpacker Minerva took advantage of an empty Latin America new issue market to fetch a well oversubscribed tap of its outstanding 2023s with a narrow premium on Thursday, increasing the planned size of the tap in the process.

China Construction Bank Asia (CCB Asia) has opened guidance on its first Basel III compliant bank capital bond after meeting investors last week. CCB Asia’s parent, China Construction Bank, is also in the process of issuing a tier two bond in the domestic market.

A highly leveraged acquisition loan from Bureau van Dijk, expected to launch next month to back the company’s takeover by EQT, has attracted scrutiny following a week of volatility in the leveraged loan market. But existing lenders to the company have not deserted the borrower, a source at the private equity firm told GlobalCapital on Tuesday.

Investment and trade flows between China and Southeast Asia are set to keep rising on the back of expanding economies and trade agreements, the bank predicts.

The UK bank has appointed Sriram Muthukrishnan from Standard Chartered to be its new head of business development for trade and receivables finance in Asia.

Luxembourg, which is gearing up to sell the first euro denominated sovereign sukuk, is set to meet investors in Asia, Europe and the Middle East at the end of September. It has hired a pair of banks to lead the project.

Delhi International Airport Limited (Dial) is preparing to join the procession of Indian high yield names making their debut in the international bond market after picking for banks for a dollar deal.

Chinese corporates have rushed to take advantage of a recent change to regulations governing their use of currency derivatives, with domestic and international banks lining up to announce deals for clients under the new rules. This new liberalisation, which took effect on August 1, is a big step in the development of China’s FX market, bankers have told GlobalRMB.

The chief financial officer of Latin American development bank Corporación Andina de Fomento (CAF) said the lender’s return to the public dollar markets on Tuesday for the first time in two years showed its new-found appeal to SSA-dedicated bond investors.

Huvepharma - Orion Engineered Carbons - Delek Group - Emsland – Stärke

Two subsidiaries of Materis, the French, Wendel-owned building materials firm, increased margins on €432m of term loan ‘B’s as part of a refinancing, in the first signs of successful push-back from investors after weeks of borrower-friendly terms on new issues.

German carbon black producer Orion Engineered Carbons has widened price guidance on its €780m-equivalent loan and will close books on the deal today.