HSBC
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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.
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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.
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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.
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Materis, the French construction chemicals and materials producer, has launched two refinancing loans totalling €585m for its admixtures and decorative paint businesses.
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HSBC Global Asset Management on Tuesday became the first international investment firm to launch an RQFII bond fund that will focus on the Chinese bond market. The firm will be using an RQFII quota that it was granted in 2013, and plans shortly to launch more products through its London business, which recently received its own quota.
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ChinaLondon may be ahead of its European rivals when it comes to offering renminbi services but UK companies lag their European peers in take-up of the currency. This is partly because Britain has a much smaller manufacturing base than France or Germany, but as China looks to import more services, this will benefit UK plc.
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Paper and packaging company Mondi has signed a deal to extend the maturity of a €750m revolving credit facility from 2016 to 2019.
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IDBI Bank is meeting investors for what would be India’s first international offering under Basel III regulation, opening to door to further issues from the country's lenders.
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Romeet Shankardass has left his role as a director in the loan syndication group at Citi to take up a new position at HSBC.
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Lai Sun Garment (International) is hitting the road this week for its inaugural offshore renminbi bond. The Hong Kong company is looking to venture into a market that has already generated a record volume of deals.
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French ingredients company Naturex signed €320m of loan agreements on Thursday, part of which will be used to finance its acquisition of US company Vegetable Juices.
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French supermarket chain Carrefour is in the process of amending and extending a three year credit facility it agreed in June 2013.