HSBC

AIA Group amassed an $11bn order book on Tuesday for its second dual tranche dollar bond. It opened books for US investors after the Asia close and strong demand enabled it to price inside its existing Reg S bond.

Two big-name Chinese SOEs announced offerings in the offshore renminbi market on Thursday.

Premier Foods, which is bringing a £475m high yield bond this week as part of a wider recapitalisation that also includes a £353m equity issue, accelerated the deal today and now plans to price it on Thursday, originally intended to be the middle day of its roadshow.

Investors have put in nearly €45bn of orders across three new additional tier one deals, in a week that has seen numerous records in the asset class broken. The activity was variously described by bankers as a “bonanza” with “no end in sight” for demand, causing both excitement and a tinge of bewilderment among market pros.

AIA Group amassed a mammoth orderbook of $11bn for its second dual tranche dollar offering on Tuesday. The issuer opened books for US investors after the Asia close and strong demand enabled the issuer to price inside its existing Reg S bond.

Bharat Petroleum Corp launched its $300m three year loan into general syndication on March 5, with the original leads managing to rope in one more bank at the top level before opening to the market, while also increasing the size from the original $250m.

A nearly ten times subscribed book for ASM Pacific Technology’s HK$2.4bn ($309m) 2019 convertible bond showed that investors remain keen to get their hands on equity-linked product in what is the second transaction in the span of two days.

Tata Motors has wrapped up syndication of its increased $600m loan, which saw commitments come in from around 10 lenders.

Premier Foods plans to issue a £475m high yield bond as part of an overhaul of its capital structure that also includes a rights issue and a new revolving credit facility.

Hong Kong based ASM Pacific Technology launched a HK$2.4bn ($310m) five year non put three convertible bond into the market on Tuesday evening as it looks for funding to fuel its expansion.

The International Financing Corp provided offshore renminbi investors with much sought after AAA-rated credit exposure, pricing its Rmb1bn ($163m) three year deal on Tuesday, as investors continued to react to increasingly negative emerging market headwinds.

British American Tobacco raised €1bn in the bond market today, completing a hat-trick of deals by the three leading European cigarette makers. The transaction’s heavy oversubscription suggested there had been no impact either from the clustering of tobacco issuance, or from Russia’s alarming intervention in Ukraine.