HSBC

Sodexo, the French catering, support and care services group, made a rare visit to the bond market on Tuesday and raised €1.1bn at spreads in line with comparable issuers.

Far East Horizon (FEH) printed Asia’s second dollar corporate hybrid in less than a week on Tuesday. With investors thirsty for yield in the current low rate environment, the small sized print had attracted a mind boggling order book that allowed the issuer to aggressively tighten final pricing to well under expectations.

The International Finance Corporation (IFC) became the first issuer of any kind to sell green debt in the offshore RMB market on Tuesday, when it priced a three year London-listed bond through HSBC. More supply could soon follow, as other borrowers are already in discussions about printing in the format.

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.

Hong Kong’s eSun Holdings opened the books for its debut offshore renminbi issue – an unrated four year bond – on Tuesday. eSun is only the second high yield Chinese borrower to appear in the CNH market in two months.

Bank of Communications Hong Kong branch (BOCOM HK) priced a three tranche Taiwan-listed renminbi-denominated bond on Monday, raising a total of Rmb2bn ($325m) across three, five and seven year tenors. The deal is only the third Formosa bond to total Rmb2bn, and the first to be priced this year since Export-Import Bank of Korea (Kexim) raised Rmb1bn exactly five months earlier.

Property developer Sino-Ocean Land Holdings has upped the size of its three year facility to $800m from $450m, boosted by robust demand.

Property developer China Resources Land, a subsidiary of China Resources Holdings, is seeking a $602m dual tranche four year loan, which was launched to the market last week.

Asian issuers have been rolling out hybrid securities during recent months as the low interest rate environment and strong investor appetite for the region create a conducive setting for corporate capital transactions.

The UK government has come under fire from the country’s Islamic banks after including none of them on the mandate to lead manage its inaugural sukuk.

HKT Trust, a subsidiary of Hong Kong conglomerate PCCW, is looking to tap the markets for HK$7.9bn ($1bn) of funding via an 18 for 100 rights issue, the company announced on June 13.

Oversea-Chinese Banking Corporation (OCBC) printed its second Basel III bond in a little over two months on Thursday. The Singaporean bank is the first southeast Asian lender to tackle a 10 year bullet structure for a dollar new style tier two.