HSBC

Australian mining and materials company Arrium and offshore oil and gas services provider Mermaid Marine Australia have started digging for loans in the syndicated market.

Bank of Communications opened the books for a five year deal on Wednesday morning in the the second issue that will be made through its offshore special purpose vehicle Azure Orbit International Finance.

Aluminum Corporation of China last week raised $400m with its second dollar perpetual bond. The deal was increased from a $200m-$300m target as investors responded enthusiastically to the bond’s shorter call date.

Turkiye Finans navigated challenging markets on Tuesday to price its $500m five year sukuk inside guidance at 5.375%. After what one investor termed a “sluggish” start, the deal achieved a $1.4bn order book and rallied from par on the break to 100.125/100.375.

Industrial and Commercial Bank of China priced a Rmb2.5bn ($405m) dual tranche bond on Tuesday night, with investors showing a strong preference for the two year tranche over the five year.

China Citic Bank International last week printed the inaugural dollar Basel III compliant tier one bond from an Asian issuer. The bond was met with strong demand in the secondary market even though the deal had been priced far tighter than where guidance had been set, thanks to the strong order book. However, analysts cautioned about using the transaction as a benchmark.

State Grid Corp of China will meet with investors next week, as it looks to make a return to the dollar market following its last deal, a $2bn triple trancher in May 2013.

MIE Holdings priced a $500m bond on Tuesday night to redeem an existing bond that will be called in May. A substantial anchor presence in the order book built a solid foundation for the 144A/Reg S transaction, which managed to print slightly inside the issuer's existing curve.

HSBC has appointed Olivier de Grivel as co-head of the firm's global financial institutions group, only 18 months after he joined the bank to head FIG in the Asia Pacific region.

HSBC has built its corporate finance strategy on its emerging markets credentials, but it has big ambitions in Western Europe, writes David Rothnie.

Technology firm Tencent has been on a bond investor roadshow after putting in place a $5bn GMTN programme.

Turkiye Finans has released guidance on its five year sukuk transaction after receiving over $750m in orders for a bond expected to be $500m in size. But some market participants away from the deal felt the amount of interest received so far signalled a "sluggish" bookbuild.