HSBC

HSBC has injected new blood into its MTN and structured notes business, hiring a pair of bankers from rival firms as well as making an internal promotion.

Zurich Insurance cast a wide net to catch as many investors as possible with its first senior Swiss franc print of 2014 on Tuesday, offering three tranches to sell a total Sfr600m ($670.8m) of fixed and floating rate notes.

French hotel chain B&B Hotels has allocated a €175m senior secured loan that will refinance existing debt.

Six banks have been mandated for Indian company Rural Electrification Corp’s latest fundraising, which was originally touted as a $100m deal but has already been increased to $230m.

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.