HSBC

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

Dim sum issuance looks to be ramping up again after the Crimea crisis and noises around defaults in China led to the market drying up towards the end of March. ICBC and Guosen Securities both announced new bonds this morning.

Bank of East Asia priced its first senior bond on Monday. Strong investor demand for Hong Kong’s largest independent local bank meant that the issuer was able to price flat to recent senior bonds from China Construction Bank (Asia) despite the softer markets in the US.

MIE Holdings was quick to open the books for its third dollar bond, launching a five year non call three on Tuesday, after receiving a strong response from investors.

KT Corporation made a solid landing with its first fixed rate dual tranche transaction on Tuesday night. The issuer printed $1bn and was able to price inside its existing curve despite a less than ideal market backdrop.

Turkiye Finans will look to issue $500m of five year sukuk on Tuesday, said investors, with pricing for the notes expected to come around 375bp over z-spread by at least one investor.

Poly Real Estate Group is looking to launch a sequel to the debut dollar bond it printed last July. The potential offering would be the first dollar issue from a Chinese property company in a month.

The Hong Kong government’s upcoming sukuk issuance could set an international benchmark for Islamic bonds and encourage multinational companies to follow suit.

Dollar regular KT Corporation launched a dual tranche bond on Monday after getting a solid response from investors during its recent roadshow. Although it is the third time that the Korean telecommunications company is selling a dual tranche deal, the new issue will be its first to comprise fixed rate notes.

Bank of East Asia is returning to dollar market for the first time since October 2011 with a three year bond that launched on Monday. The issue has been met with a positive response despite a softer market.

Turkish Bank Garanti Bank gathered a $5.5bn book for its $750m October 2019s on Thursday and used the demand to price the note flat to its curve.

Aluminum Corporation of China raised $400m on Thursday night with its second dollar perpetual bond after upsizing from a $200m-$300m target size as investors responded enthusiastically to the bond’s shorter call date.