HSBC
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Indian Oil Corp has closed its $650m five year financing with 18 banks joining during syndication. The deal was described by bankers as a resounding success after commitments worth $1.15bn piled in.
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Property duo Sino-Ocean Land and Sunshine 100 are meeting investors next week in connection with a possible dollar offerings.
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Lai Sun Garment priced a new four year on July 17 and used investor friendly covenants to achieve tighter pricing. The structure proved attractive and the book was nearly five times subscribed.
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CCB Asia priced a $200m tap of its 3.25% 2019s on Wednesday. The borrower landed the tightest spread for a five year dollar issue by a Chinese bank this year as appetite for China brought in an eight times subscribed order book.
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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.
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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.
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Lai Sun Garment and China Unicom issued guidance on new dim sum bonds on Thursday.
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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.
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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.
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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.
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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.
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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.