HSBC

Gas Natural Fenosa, the Spanish gas and electricity company, today issued the first Spanish corporate bond of the year, and was swamped with a €5bn orderbook for the €500m no-grow issue.

Unilever refinanced a three year dim sum bond at 2.95% on February 21, much higher than the original bond’s coupon of 1.15%, as the market grows increasingly investor friendly.

HellermannTyton, the UK cable accessories maker, has signed a €230m five year revolving credit facility to refinance its bonds and an €80m undrawn revolver.

Yorkshire Building Society will hit the road next week to sound out investors for its debut senior unsecured benchmark — a boost for the market at a time when UK supply and senior supply in general are lacking.

French carmaker Renault obtained a whopping €6.2bn book for its €500m seven year bond yesterday, as it rode the wave of demand for crossover-rated corporate bonds.

Gemdale (Asia) Investment launched a three year dim sum bond on Wednesday to refinance its existing bonds after management change at the company triggered a change of control put. Negative headwinds from China rather than the trigger meant that demand for the bond was weaker, according to bankers on the deal.

ICBC International Holdings has priced the debut offering from its new $1.2bn MTN programme and offered investors a new issue premium to encourage participation.

Far East Horizon is out with initial guidance for its first dollar bond. The issuer is looking to raise $300m through a three year transaction.

Hyundai Capital Services has mandated Bank of America Merrill Lynch, BNP Paribas, Citi and HSBC to arrange a series of non-deal investor meetings in Asia, Europe and the US.

Gemdale (Asia) Investment launched a three year Dim Sum bond on Wednesday to refinance its existing bonds after an ownership change at the company triggered a change of control put. Bankers on the deal argued about whether perceptions of weak demand were down to negative economic headwinds from China rather than the CoC, however.

Renato Naigeborin, former partner at financial boutique BR Partners in Sao Paulo, has joined HSBC in a new role.

BP continued a busy month of bond issuance today with a €2bn issue, which echoed in scale the €2.5bn dual trancher it sold in February 2012.