HSBC

Wm Morrison Supermarkets, the UK’s fourth largest supermarket chain, is preparing to issue a bond, after a period of bad publicity, when its results and strategy have been attacked by shareholders and in the press.

Turkish banks pushed on apace with international funding drives this week, despite rising fears over Iraq knocking some froth off their recent strong rally. Isbank and Kuveyt Türk priced well with benchmark bonds and sukuk, while Albaraka Türk completed its sukuk meetings and Ziraat Bankasi announced plans to go on the road with a long-awaited inaugural dollar deal.

The flurry of action at this week's UK-China Financial Forum was aimed at conveying one message: the internationalisation of the RMB is happening faster than ever, and London is set to be a big beneficiary. And after the agreements of the last few days, Asia-based analysts broadly agree with that view, arguing that London's natural advantages leave it well-placed.

Webhelp, the French call centre operator, intends to add €120m to an existing €275m loan from June 2013.

China Construction Bank (CCB) Asia is out in the market what bankers believe is the first dim sum bond to be issued in Switzerland as the bank deepens its involvement in the renminbi’s burgeoning presence in Europe.

Wheelock & Co made a return to the dollar market on Wednesday, pricing its first bond since March 2013. The Hong Kong real estate company was met with strong demand and it was able to price flat to its existing curve.

The UK’s Islamic banks have good grounds for fury at missing out on the UK sovereign sukuk mandate. But for their own sakes, they must keep faith that the deal is a dress rehearsal for something bigger, and turn up in size to buy the paper.

Turkish participation bank Kuveyt Turk has launched a $500m five year sukuk at 340bp over mid-swaps, the tight end of refined guidance, after drawing $3.25bn of orders.

Greek lender Eurobank will sell four year senior debt on Thursday afternoon, the last of Greece’s big four banks to return to the debt markets after the country’s 2010 bailout. While Eurobank has not enjoyed the same scale of demand as other Greek lenders on their returns, the issuer was still able to close books with a comfortable oversubscription.

Property developers Sino-Ocean Land Holdings and China Resources Land are both tapping lenders for US dollar loans, amidst a flurry of real estate names returning to the debt market.

Vitol Asia’s $1.7bn refinancing loan has swelled to $1.87bn, with 11 mandated lead arrangers and bookrunners signing up for the trade.

The Asian arm of Louis Dreyfus Commodities has opened up a $300m three year revolver into syndication, with utilisation fees also up for grabs. But as banks expect very little of the credit line actually to be used, they will be unlikely to benefit from the additional fees.