HSBC

Jinchuan Group opened books for a three year offshore renminbi bond with initial guidance at 5.05% area on Thursday morning. The deal marks the first time a regional state owned enterprise (SOE) has tapped the offshore RMB market via China’s National Development and Reform Commission (NDRC) quota system.

Chinese passenger vehicle manufacturer BAIC Motor Corp has filed its preliminary prospectus for a Hong Kong IPO, in a deal that will raise between $1.5bn and $2bn.

Italian defence contractor Finmeccanica has signed a €2.2bn revolving credit facility, €200m smaller than the 2010 facility being refinanced.

Whipping boy status is an entirely new concept for Brazil on the football pitch after the host’s shock 7-1 defeat to Germany in the Fifa World Cup. But in the capital markets the nation’s issuers have had been used to harsh treatment from investors as economic growth stumbles for some time. But the latter could be about to change.

The appointment of new clearing banks in Paris, Frankfurt and Seoul, as well as the promised expansion of two way cash sweeping to all foreign corporates in China, should help boost non-Chinese offshore RMB issuance, analysts reckon.

Motability Operations Group, the UK provider of cars and powered wheelchairs for disabled people, launched a 12 year bond on Wednesday and felt the headwind of a tough market. But an issuer of this quality was not going to face serious problems, and it raised £300m at a spread that on one method of analysis was flat to its curve.

India’s Bank of Baroda has reopened its 4.875% 2019s to achieve its tightest ever dollar spread as investors continue to flock to Indian credits. The tap raised an additional $250m.

Bank of China Paris Branch printed its debut CNH bond on Tuesday, issuing Rmb2bn ($322m) in a two and five year deal that attracted good demand from Europe. The bonds will be listed in Paris and Frankfurt.

Searing investor demand for yield has set the stage for a widely expected second visit of the year to the bond market by Greece in the wake of a series of spread busting, oversubscribed deals and auctions for sovereigns and regions in the eurozone periphery this week.

Brazilian development bank Caixa Econômica Federal is set to return to the bond market with Basel III compliant subordinated tier two trade after mandating banks for a roadshow set to start on Wednesday.

Ferrovial, the Spanish company that calls itself the world’s leading private investor in transport infrastructure, issued a €300m 10 year bond on Tuesday, in a tough market.

Scentre, the new Australian listed property company that holds the Westfield Group’s Australian and New Zealand shopping centres, issued its first bonds today, and turned to the European market. Despite a weak day, it exceeded its target of €2bn, finding strong demand for a rare four tranche issue in euros and sterling.