HSBC

Renault, the French carmaker rated Ba1/BB+, benefited from the strong demand for crossover credit today when it priced a €500m no-grow bond with a new issue premium of just 5bp.

The Islamic Development Bank has given initial price thoughts of mid to high 20bp over five year mid-swaps for a benchmark dollar sukuk.

ABN Amro is set to sell a new seven year Australian dollar Eurobond on Tuesday, opting for a long maturity to maximise retail interest. Demand has been particularly sharp from Asian accounts hunting for yield.

IFC Development could make its first appearance in euros this week, with bankers expecting the borrower to launch a three year deal following a successful roadshow in Europe.

Gemdale (Asia) Investment is out with guidance for a new dim sum bond and joins the raft of Chinese property names to have already hit the market this year.

ICBC International Holdings has announced the first offering under its new $1.2bn MTN programme.

Agile Property Holdings' debut offshore renminbi bond put in a strong performance, with an order book of more than Rmb5bn ($820m), despite investors in the dim sum market becoming more discerning. The borrower also managed to save 125bp compared to its dollar funding levels.

Casino Guichard-Perrachon, the French supermarket group, launched its first bond of the year on Friday, after announcing strong full year results on Tuesday last week.

HSBC is going to shareholders to have the EU’s maximum 200% bonus for “material risk takers” approved, but returned disappointing full year numbers which sent shares down 3.5%. The investment bank reported an increased underlying profit, but that was mostly thanks to lower impairment charges.

Germany’s Aareal Bank is looking to tap domestic and Germanic demand for its first publicly sold tier two deal, with a roadshow starting next Monday.

Canada

Poland snatched up funding in the Schuldschein market last week, and is expected to return to the market again this year. Elsewhere, financial institutions from the country are expected to print more private placements.