Mizuho

Industrial Bank of Korea (IBK) mandated six banks on Wednesday, April 15 to run its first outing to the dollar bond market in almost three years.

Pennsylvania’s Trinseo, a plastics manufacturer, wants to issue $750m of unsecured notes, including a euro tranche, to repay its 8.75% bond sold in 2013.

Anheuser-Busch InBev, the Belgian-US brewer, showed how well Europe’s corporate bond market has recovered since Easter — and the apparent change in the market’s depth in the past year — by issuing a €3bn bond on Monday that found very strong demand.

Mizuho has boosted its corporate acquisition finance team with two appointments. The hires, which are primarily to replace personnel who left earlier this year, bring with them experience in corporate, structured and leveraged finance.

The People’s Bank of China (PBoC) has unleashed a raft of measures to stimulate borrowing in the mainland, but the benefits are yet to trickle down to smaller credits. This gap offers an opportunity to foreign lenders, and they are increasingly being seen in renminbi syndications onshore, writes Shruti Chaturvedi.

Indomobil Finance Indonesia is set to return to the market for a $100m three year facility. The company has picked three mandated lead arrangers and bookrunners, who plan to launch it into general sometime next week.

BMW dominated corporate bond issuance in Europe on Thursday, with an unusually large €2.5bn transaction.

Rural Electrification Corp’s (REC) $400m five year fundraising has entered general syndication. The three mandated lead arrangers and bookrunners prefunded the loan in mid-March.

Mizuho has hired five senior bankers from Royal Bank of Scotland’s shrinking US arm after buying the UK-headquartered lender’s loan book.

MarketAxess has announced another four dealers joining its platform to trade European credit, including Mizuho, which is making a fixed income trading push.

Hong Kong has picked banks for the follow-up to its record-setting debut sukuk.

Hong Kong Telecommunications (HKT) wrapped up a stylish return to the dollar bond market on March 30, helped by a large order from a single investor. The high overall demand for a rare Asian telco allowed the new trade to come inside the borrower’s existing dollar curve.