HSBC

German insurer Talanx appeared out of the blue on Wednesday in the senior market, taking advantage of improved sentiment and settling spreads with a £500m no-grow 12 year bond that was priced with an attractive new issue premium and continued to trade well in secondary markets.

IDBI Bank is meeting investors to discuss a possible capital bond in a move that has brought Basel III issuance from India into the limelight again. Bankers expect the deal to be an additional tier one (AT1) as Indian banks look to meet tier one ratio requirements ahead of a 2015 deadline, writes Virginia Furness.

Lai Sun Garment and China Unicom issued guidance on new dim sum bonds on Thursday.

Taiwan’s Advanced Semiconductor Engineering (ASE) trod new ground in Asia's capital markets this week by launching what is being marketed as the region’s first corporate green bond. The asset class is yet to take off in Asia like it has in Europe, but the benefits of investor diversification, pricing and publicity offered by green bonds could see more Asian borrowers exploring the option, writes Isabella Zhong.

China Singyes Solar Technologies Holdings raised Rmb930m ($151.13m) on July 16 through a debut convertible bond that drew good demand, driven by investor views on the sector and the attractive pricing on offer.

Bank Rakyat Indonesia, which started sounding out lenders for a fresh fundraising in early May, has picked seven banks for a $370m loan, managing to increase it from the $300m it was originally targeting.

The HK$7.9bn ($1bn) rights issue by HKT Trust was approximately 99.4% covered by existing shareholders, according to July 16 exchange filing by the company.

Caixa Econômica Federal sold the first Basel III compliant tier two bond from a Brazilian issuer on Wednesday, but the government owned development bank is unlikely to trigger a flurry of copycat deals.

German insurer Talanx appeared out of the blue on Wednesday in the senior market, to take advantage of improved sentiment and settling spreads with a £500m no-grow 12 year bond.

Olam International appeared to have shaken off any remaining investor doubts on July 16 when it priced a new Singapore dollar bond at 45bp through its existing curve. The deal marks the issuer’s first return to the bond market since an analyst report in 2012 caused a huge sell-off of its bonds and equity.

CCB Asia reopened its 3.25% 2019s after seeing the spread on its debut five year dollar bond tighten by 28bp since launch. The deal had already attracted $1.5bn in orders by 2:19pm Wednesday.

Materis, the French construction chemicals and materials producer, has launched two refinancing loans totalling €585m for its admixtures and decorative paint businesses.