HSBC

Mexican microfinance company Financiera Independencia (Findep) cut its borrowing costs with a $200m five year bond to buy back old debt, overcoming the fact that the deal’s small size put off some investors.

Sinotrans will meet investors for a proposed offshore renminbi bond as the borrower looks to sell its second deal in the market after making its debut in 2011.

Hong Kong's Rugby Sevens is a big deal for HSBC, but this year's tournament held some extra interest for the bank's global senior management. Russell Julius, head of Asia-Pacific banking, had taken the opportunity of them being in town to discuss a return to Europe to help replicate a formula that has worked well in Asia — converting the bank's top commercial banking clients into users of its investment banking and capital markets platform.

US Treasuries rallied even further this week, leaving many market participants scratching their heads – but corporate borrowers did not waste the opportunity.

Austria took advantage of a clear week of issuance to bring an unusual dual tranche issue that included a six year floating rate note. Strong demand for the 10-year should encourage issuers looking at printing euro benchmarks in the coming weeks.

Huntsman International, a chemicals manufacturer listed in New York, is set to sell a €100m tap of its 5.125% senior notes due 2021.

Wells Fargo gathered strong interest for a 10 year euro benchmark on Wednesday, investors were attracted to the deal by a healthy outright yield. Santander Consumer Bank decided to hit the other end of the curve, selling two year debt.

Syndicate Bank made a return to the dollar market with a 5.5 year Reg S issue on Wednesday. The borrower is the first Indian name to appear in international markets after the Narendra Modi-led Bharatiya Janata Party (BJP) landed a sweeping victory in the Indian elections on May 16.

Turkish Halkbank has released price guidance for a five year senior unsecured bond that equates to a new issue premium of 5bp-10bp, according to a lead manager on the deal.

Bank of Communications sold its first ever Swiss franc debt on Tuesday, a three year note. The issuer, which was able to double its target size, is just the second issuer from China to access the Swiss debt market.

The Republic of Indonesia can expect strong demand and tight pricing for a dollar sukuk of it comes to market soon, said investors, after the country picked four banks for the sale. The mandate follows a triumphant rally since the start of the year and a big turn out for Pertamina’s 30 year bond last week.

Logan Property Holdings printed its inaugural international issue, a five year non call three dollar bond, on Tuesday. Dealers brought the high yield borrower to the market after seeing fewer headwinds against Chinese property.