JP Morgan

Caribbean financial services firm Sagicor’s new 2022s traded up three points in a tough market on Wednesday as the sensation grew that the hard-to-compare credit had priced at a very attractive level for investors on Tuesday.

India’s Yes Bank made waves this week selling only its second green bond on August 5. The the Rp3.15bn ($49.2m) 10 year trade is backed by the world’s first green Masala debt issued by International Finance Corp (IFC).

Barbados-based insurer Sagicor Financial Corp kept eyes on screens in the Latin America market this week. The firm priced its second ever international deal, while the CEEMEA market is using summer for consent solicitations.

ICICI Bank is back for more dollars for a new five year bond on August 5, its first outing in 2015.

China’s eHi Car Services has thrown in the towel on its first attempt to issue a maiden dollar bond due to weak demand. Bankers away from the deal and investors say that a combination of bad timing and bad pricing was to blame.

International Finance Corporation has curried favour by printing the first green offshore rupee bond — and could soon return to dollars with a socially responsible issue.

The Asia ex Japan bond market was crowded on August 4 with Oceanwide Holdings and eHi opening books for respective dollar bonds, and Export Development Canada (EDC) and HNA Tourism opting for offshore renminbi (CNH) offerings.

Sainsbury’s Bank has shelved a sterling tier two trade following a roadshow last month.

Chinese banks now hold four of the top five spots in SNL Financial’s ranking of the world’s largest banks, while Europe’s global footprint is shrinking.

International Finance Corp (IFC) has sold the world’s first green Masala bond. The deal is only the second green bond in the Indian currency and the sixth offshore rupee trade globally.

Barbados-headquartered insurance company and financial services group Sagicor Financial Corporation is likely to price a $320m seven year non-call four bond on Tuesday, according to a syndicate banker working on the deal.

German cable company Tele Columbus is allocating a €435m leveraged loan that backs its acquisition of rival Primacom, setting outs its ambitions for consolidation in the sector.