HSBC

A group of six banks are expected to form a club to provide Hong Kong-listed Champion Real Estate Investment Trust with a HK$7.5bn ($967m) loan, according to bankers.

Chinese property developer Yanlord Land Group is in the market for a $400m fundraising, less than three months before one of its old loans comes up for refinancing.

Poly Real Estate Group priced a $500m five year bond on Wednesday night against negative headlines about the Chinese property sector. Although the transaction wasn't able to tighten as aggressively as other deals that were in the market this week, the issuer's SOE status provided reassurance to investors and the trade came comfortably comparables.

As if international sukuk were not already rare enough with only six dollar issuers so far in 2014, this week brought an even more unusual sighting — a deal that didn’t have an outrageously oversubscribed order book. Turkiye Finans can thank Damac Real Estate Development’s aggressive handling of investors for that, and so may the rest of the sukuk market.

This week's bank people moves

Liability management transactions continue to dominate Brazilian bond supply, with regulars Braskem and Votorantim raising money for buybacks on Wednesday.

Turkiye Finans has led the return of Turkish participation bank issuers to the sukuk market after nearly a year of absence, achieving a strong result this week that leads on the deal hailed as a door-opener for its peers.

A jumbo green bond bond from Region Ile-de-France this week could signal a new drive by French regional governments into the growing market for socially responsible debt, writes Nathan Collins.

CGG sold its first high yield bond in euros on Wednesday. The French geosciences business, formerly CGGVeritas, increased its deal from €360m to €400m and priced it inside guidance with a 5.875% coupon.

TeamSystem, the Italian software designer and distributor, has sold a €130m tap of its 7.375% 2020 bond to finance its acquisition of 24Ore Software.

Piaggio, the Italian motor scooter maker, increased its seven year high yield bond from €200m to €250m and priced it with the minimum yield announced on Monday, as part of an exchange offer.

Groupe Auchan, the French supermarket chain, launched its first bond of the year on Tuesday, into an empty European corporate bond market. Despite the dark clouds massing over Ukraine, there was strong demand and the issuer hit its size and pricing targets.