HSBC
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Export-Import Bank of China (Chexim) opened guidance on its first dollar bond in nearly a decade on Thursday. With investors viewing the policy bank as a proxy for the sovereign, bankers are looking at where other state owned enterprises (SOEs) are trading to price the deal.
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Yue Xiu Enterprises made its debut in the equity-linked market with a $200m exchangeable bond that attracted keen interest from outrights and hedge funds alike.
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Advanced Semiconductor Engineering (ASE) issued Asia’s first corporate green bond on July 17, attracting an enthusiastic response from investors. However, in a region where environmental sustainability still takes a backseat to economic growth, it was rarity value that attracted buyers to the inaugural three year issue rather than its green status.
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Deutsche Hypothekenbank, NordLB’s commercial real estate subsidiary, opened books on Monday for its first Pfandbrief of the year. This is the first time for more than four years that a German issuer has priced a deal in the second half of July but leads still attracted a heavily oversubscribed order book.
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Gecina, a French real estate investment trust, priced a €500m seven year senior unsecured bond at 92bps over mid-swaps on Wednesday.
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Orion Engineered Carbons, a German carbon black producer, is raising a €780m-equivalent loan to refinance its capital structure ahead of its US IPO.
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Tata Steel announced a 5.5 year and 10 year dollar denominated dual trancher on Wednesday afternoon. The borrower is the second from the Indian high yield arena to open books for a debut dollar deal today, joining renewable energy company Greenko.
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Sino-Ocean Land is making its reappearance in the international bond market, unveiling a dollar five and 10 year dual trancher on Wednesday. The Hong Kong-listed real estate developer was last seen in May 2011.
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The Reserve Bank of Australia (RBA) is close to signing a memorandum of understanding with China's central bank for the appointment of an official RMB clearing bank in the country.
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Zhongyu Gas Holdings has closed its three year loan at $300m, double size it was launched at, with 18 banks joining in syndication.
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A total of 12 banks have signed the mandate letter this week for Tata Steel’s multi-currency jumbo fundraising of around $5.62bn.
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Coal miner Adaro Energy Indonesia has wrapped up its $1.25bn club loan, with fourteen banks coming on board.