HSBC

Woori Bank has picked banks for what would be South Korea’s first US dollar Basel III offering.

Oversea-Chinese Banking Corporation printed the second US dollar Basel III tier two bond out of southeast Asia on Tuesday night. However, it had to price the $1bn issue wider than its equally rated rivals over concerns linked to its proposed acquisition of Wing Hang Bank.

Hang Lung Properties is returning to the dollar bond market for the first time since 2012 ending a one month period is which there were no issues from the Chinese property sector.

HSBC struggled to place a block in French construction firm Saint-Gobain for Groupama on Monday night, leaving the deal not covered as investors began to worry about secondary markets.

The Democratic Socialist Republic of Sri Lanka priced its second international bond of the year on Monday and closed with the orderbook nine times oversubscribed. With Sri Lankan risk in hot demand, a well timed move by the issuer enabled it to price inside its existing curve.

The French are taking over the pipeline for subordinated bank debt, as the country’s second largest bank gets ready to roadshow a sterling denominated tier two deal, joining La Banque Postale in the primary market.

A loan of up to $1.8bn for Russian telecoms company Vimpelcom has been rushed through signing so quickly that a senior loan banker who had been working on the deal did not know it had been completed.

Export-Import Bank of Korea (Kexim) has announced guidance on a new five year fixed or floating rate Kangaroo bond, marking the issuer’s second visit to the Australian domestic market this year.

Oil India has announced guidance on its debut bond this morning, opting for a dual tranche five and 10 year trade. The issuer joins a raft of recent Indian deals taking advantage of the resurgence in investor appetite for Indian credit, and pricing ahead of the somewhat unpredictable elections.

Oversea-Chinese Banking Corporation launched the second US dollar Basel III-compliant tier two transaction out of southeast Asia on Wednesday, one month after United Overseas Bank made the inaugural issue.

A week of diversification plays continues with Vista Land & Lifescapes on the road for what looks set to be the first bond from a Philippine corporate this year. The issuer intends to buy back outstanding bonds to refinance at a lower cost.

A rally in bond markets and improved sentiment surrounding Brazilian assets helped BNDES to a well-subscribed $1.5bn dual tranche issue on Monday, with steel company Gerdau expected to bring more supply from the country this week.