HSBC

OCBC has opened guidance on its second Basel III compliant tier two offering of the year as it looks to acquire Hong Kong's Wing Hang Bank.

OCBC has opened guidance on its second Basel III compliant tier two offering of the year as it looks to acquire Hong Kong's Wing Hang Bank.

Investors poured into Beijing Enterprises Group Company’s (BE Group) HK$4.31bn ($556m) exchangeable bond on June 10 as the opportunity to invest in a major blue chip was too good to ignore even though the terms were aggressive.

Sovereign, supranational and agency bankers are braced for a busy week of issuance, as demand for paper soars in the wake of the European Central Bank’s unveiling of a series of measures which have butchered rates last Thursday.

Korean issuance is picking up in the wake of the Republic of Korea’s dual tranche offering on June 3. Latest out the blocks include Korea National Oil Corp. which is meeting investors for a euro-denominated bond, and Korea Gas Corp, which is looking at dollars.

PTT Exploration and Production (PTTEP) opened the books for a perpeptual non call five dollar hybrid on Wednesday. An active player on the M&A front, the Thai borrower is opting for the structure to strengthen its financial position.

With senior FIG spreads moving tighter following the announcement of rate cuts by the European Central Bank last week, Intesa Sanpaolo was able to benefit from the ensuing hunt for yield on Tuesday to draw a hefty order book. In contrast, Finnish bank Pohjola struggled to tighten pricing on a five year senior print, though the UK’s Bupa benefited from its rarity to breeze through a sterling print.

Kuveyt Turk Participation Bank is embarking on a roadshow to market a dollar sukuk.

Bank of China and HSBC have launched GF Securities debut offshore loan into syndication, having been mandated as mandated lead arrangers and bookrunners for the HK$600m ($77m) three year deal.

China Minmetals Corporation returned to the offshore renminbi market with a three year bond on Monday. Despite coming in the shadow of a record month for Chinese CNH supply, the unrated transaction was well bid and priced through the issuer’s existing curve.

More than a year and a half after first approaching the international loan market for its debut deal, Nigeria's United Bank for Africa has mandated lenders for a $225m loan.

Indian Oil launched its $650m five year loan into syndication on Friday after adding five mandated lead arrangers and bookrunners to the existing nine.