HSBC

Kazagro has mandated Citi, HSBC, Royal Bank of Scotland and Tsesna Capital to arrange a euro benchmark bond, the first bond in this currency from Kazakhstan since 2007. The bond will be no larger than €600m, according to Fitch Ratings.

Export-Import Bank of China (Chexim) stood out from competing supply on Wednesday when it priced a rare three tranche offshore renminbi bond. Dealers said that the recent high volumes of dim sum issuance had not affected pricing.

Power Construction Corporation of China (PowerChina) announced guidance on its debut CNH bond this morning as the dim sum markets continue to ramp up after a quieter period in April.

Environmental sustainability consultancy ERM has cut 50bp off the margin of the $655m seven year first lien loan it is syndicating, with Deutsche Bank as arranger.

German ball bearing maker Schaeffler will decide on the tranche sizes of its new $2bn-equivalent loan after it has both received loan commitments and seen the order book for its €2bn high yield bond.

London-based insurance company Aon and defunct French mortgage lender Caisse Centrale du Credit Immobilier de France (3CIF) are taking advantage of the recent undersupply in the FIG primary market to price senior deals, with 3CIF tapping the short end of the maturity curve and Aon going long.

Investment Corporation of Dubai will hit the road on Thursday for a dollar debut, building on the recent momentum of United Arab Emirates issuers from the Dubai sovereign, Majid Al Futtaim, Mubadala and Abu Dhabi National Energy Company (Taqa).

Delek & Avner — the financing vehicle for Delek Drilling LP and Avner Oil Exploration LP — has released initial price thoughts on the $2bn five tranche bond it is raising to fund the operation of its Israeli Tamar gas field. The initial pricing thoughts offer spreads inside Israel Electric on the short end and wide to it on the long end. Israel Electric is Tamar's biggest customer.

Sovereign, supranational and agency issuers should be able to take advantage of pent-up demand to print benchmarks at ultra-tight levels next week, following a popular print from the European Stability Mechanism on Wednesday which came 3bp inside initial price thoughts.

Jingrui Holdings has announced guidance on its debut dollar bond at 13.625%, the highest coupon on any dollar bond in Asia this year.

Export-Import Bank of China (Chexim) has opened guidance on a new multi tranche offshore renminbi bond.

Chinese company Huawei Technologies is set to make its debut in the European loan syndications market for a $1bn revolving credit facility, and has picked a group of nine banks to arrange the fundraising.