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National Australia Bank (NAB) has priced a seven year Swiss franc note on Tuesday, making it the first international issuer in the currency for 2016.

The Chinese auto ABS market is revving up for 2016 with Volkswagen poised to launch a Rmb2.99bn ($460m) Driver China Three next week.

Indian state-owned companies Power Finance Corp (PFC) and Rural Electrification Corp (REC) have sent out requests for proposals for loans worth a collective $520m. The invitations come close on the heels of the Reserve Bank of India’s announcement of a new framework to regulate overseas borrowings.

The October 2015 launch of the cross-border interbank payment system (CIPS) opened the door to creating a global RMB payment infrastructure. But, for now, the limited number of participants involved dampens the new infrastructure's potential impact.

Yingda International Leasing is making its debut in the Hong Kong and US dollar loan markets with a $200m dual-currency facility as it looks to increase its visibility among international lenders.

High yield investors are facing a unique proposition with Jiangsu NewHeadLine (NHL) opening books to a three year dollar bond on January 6, in what would be a rare high yielding credit that is linked to a local Chinese municipal government.

Hong Kong real estate giant Swire Properties and the Korea Development Bank have launched the first investment grade bonds from Asia for 2016, opening books for dollar-denominated transactions on January 6.

A $600m loan for the upstream oil and gas arm of Perusahaan Gas Negara (PGN) has seen commitments worth $100m come in so far.

The Asian block market started with a jolt this week as Hanwha Techwin Co was forced to trim a W282.1bn ($235m) sale in Korea Aerospace Industries. The deal stumbled during bookbuilding after a separate sale in the company was marketed to the same investors at the same time, setting a negative tone for future block trades in South Korea.

Masisa, the Chilean woodboard producer, is looking to buy back up to $100m of its 9.5% 2019s as part of its attempts to reduce debt in reaction to a rapidly increasing leverage ratio.

Just as European equity capital sales made a prompt start to the year today with the €1bn NN Group block trade, the equity-linked market has also wasted no time. Safran, the French aerospace and defence company, issued a €650m convertible at what a banker claimed was a record low yield.

ISDA’s Determinations Committee will meet at 12pm London time on Wednesday to decide whether Portugal’s Novo Banco has triggered a government intervention credit event, but will also deliberate a succession event in relation to the transfer of senior bonds to Banco Espirito Santo.