HSBC
-
Korea Exchange Bank took full advantage of investor appetite for Korean bonds and jumped on the tailwind of the sovereign to price a new five year inside its existing curve. -
-
The widely anticipated public sector-backed Pfandbrief from Dexia Kommunalbank on Tuesday had been expected to go well, given the juicy spread that was expected. But the level of oversubscription proved a surprise and was the highest of any German deal this year — even putting competing issuance from Portugal into the shade.
-
The State of North Rhine Westphalia crowned a week of dollar issuance with a return to fixed rate benchmark issuance in the currency after a near four year hiatus. The move came in a week when more frequent issuers were able to attract demand even at very tight levels.
-
América Móvil’s reopening of the local currency new issue market in Latin America this week is unlikely to trigger a surge in issuance — despite strong interest from issuers and participation from international buyers.
-
British Telecommunications broke its long abstinence from the European bond markets on Tuesday, with a €1bn deal that was as enthusiastically received as bankers had long predicted the issuer’s return would be.
-
Gates Global - Sport Group - Intralot - Homair Vacances
-
-
CMB HK makes dollar debut with three year — KEB rides RoK tailwind — MCC puts dollar return on drawing board — HK Huafa seeks offshore RMB debut
-
ICICI Bank made the most of the voracious post-election appetite for Indian credits to price a $250m tap of its 4.8% 2019s inside where the existing bond was trading on May 29. It was the first time that an Asian issuer had achieved such a feat, according to bankers.
-
China Overseas Land and Investment (COLI)’s dual tranche tap went ahead as planned on Wednesday but reverse enquiry meant that the borrower added a new 20 year bond mid-way through the process. The new bond also doubled the size of the issue to $1bn.
-
Guernsey could follow Jersey into the capital markets, with the bailiwick’s treasury minister considering a debut deal following Jersey’s inaugural debt sale this week. If Jersey’s more than twice oversubscribed debut is anything to by, Guernsey can expect a warm welcome.
