HSBC
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Victory City International has received commitments for its HK$1.5bn ($193m) loan. While the transaction is not yet oversubscribed, more banks are set to join and there are now talks on increasing the final deal size by roughly HK$300m.
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AIA Group is meeting investors in the US this week for what would be the issuer’s second dollar bond.
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China Resources Land priced a dual tranche five and 10 year dollar bond on Thursday. Strong demand for the 10 year from the insurance sector enabled the issuer to go out with aggressive pricing and delivered an increased deal.
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Agile Property Holdings was out in the market with its debut dim sum bond on Friday, joining a host of other repeat issuers and making the most of cheaper funding opportunities.
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The dim sum market is in full swing this week, with Mitsubishi UFJ Lease & Finance, Unilever and China Citic Bank all pricing three year deals on Thursday.
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The Brazil sovereign has mandated for fixed income investor meetings, having seen Odebrecht Oil & Gas (OOG) re-open the LatAm dollar bond market in emphatic style on Thursday. The Odebrecht deal broke a new issue drought from the region that had lasted since January 31.
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Investors hunting for yield are eager for private placements in emerging market local currencies, according to MTN dealers. Turkish banks are tapping the demand and will print more deals in the currencies in the coming weeks.
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A five year facility that will be used to finance oil purchases by BP from Rosneft will likely not reach its initial expected amount of up to $5bn.
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Darty Financements made its bond debut in Europe's near-empty high yield market this week.
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Corporate bond issuance is set to get busier again in Europe next week, bankers say, with a drive-by deal also possible on Friday.
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Covered bond spreads are so tight that there is almost no scope for secondary performance, bankers have warned. “Core markets are in a zone of low oxygen,” one said on Tuesday, as KBC Bank priced a deal within a few basis points of Landesbank Hessen-Thüringen and Deutsche Kreditbank.
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Swedbank came to the dollar market for the first time in nearly a year with a $1bn five year 144a offering of senior level bank notes on Thursday.