JP Morgan

Hana Bank has mandated six banks to work on the second US dollar denominated Basel III tier two bond from a South Korean lender with investor meetings scheduled to start on September 22.

Mizuho Bank returned to the dollar market on Thursday, printing its second multi tranche issue of the year. The Japanese bank raised $2.5bn through a Reg S/144A offering that consisted of the same four bonds it sold in a blowout April 9 deal.

Dutch credit insurer Atradius sold its first bond for 10 years on Tuesday, a long-dated subordinated note. Scor, another rare issuer, is in the market for a sub trade of its own in the near future, mandating banks to arrange investor meetings for a dual tranche deal denominated in euros and Swiss francs.

Leveraged finance lenders are assessing the structure and leverage of Bestway, the UK food wholesaler that is buying Co-op Pharmacy’s owner, after a bank meeting on Friday to market a £725m loan for the acquisition.

A burst of M&A announcements early this week from Danish national phone carrier TDC, auto parts maker ZF Friedrichshafen in Germany and French telecoms firm Orange lifted the mood in the western European loans market. But Orange's financing plans, which include hybrid bonds, show that deals may not always lead to loan mandates.

Alibaba Group’s mega IPO was always going to be a game changing deal. Nearly one year in the making, the $21.8bn listing has broken multiple records and put Chinese companies in the limelight. With its shares due to start trading on Friday, how the deal performs in secondary will affect equity markets far and wide, writes Rashmi Kumar.

China’s Honghua Group opened books for its debut international bond on Thursday. The oil rig maker is offering a five year non call three dollar bond.

Chong Hing Bank’s $300m additional tier one (AT1) bank capital issue is attracting plenty of attention from fixed income investors, with bids crossing the $500m mark just 90 minutes after books opened at 9am on September 18.

Indonesia’s Kawasan Industri Jababeka completed an exchange offer for its outstanding 2017s on Wednesday. At the same time, the industrial estate developer also issued a new $190m five year non call three bond. Buoyed by strong demand for Indonesia, the deal was very well received and closed in two hours.

French telecommunications company Orange has joined the growing roster of blue chip companies involved in substantial mergers and acquisitions. But the company's financing plans, which include hybrid bonds, show that such deals may not always lead to loan mandates.

Turk Eximbank priced a new seven year offering on Wednesday. While demand wasn’t overwhelming across the two day execution, the bond came inside its implied curve and attracted a high quality book.

Magyar Export-Import Bank is meeting investors in Europe and the US for a proposed bond. The Exim bank is returning to the market without a guarantee from the World Bank and bankers away from the trade expect it to be popular with investors.