Nomura
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State Grid Corporation of China, China Huarong Asset Management Co and State Development & Investment Corporation have mandated banks for new bonds, with the latter making its debut in the international market.
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Want Want China Finance is pursuing a new dollar bond offering, mandating banks for the deal this week.
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Nomura has appointed a new head of technology, media and telecoms for EMEA, while making its co-head of financial sponsors EMEA sole head.
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Korea Expressway Corp snapped up $400m on a busy Tuesday that saw eight bonds marketed in Asia ex-Japan. Although floating rate notes are gaining popularity in a rising rate environment, the region’s bond market will continue to be focused on fixed rate deals, reckoned market participants.
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Wobbles in eurozone government bond secondaries this week failed to deter a strong showing from a pair of public sector issuers in primary on Tuesday. Unédic found strong demand and tightened from guidance on its longest dated benchmark ever, while Austria broke a series of records with a 10 year euro benchmark.
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Nomura’s head of EM credit sales has left the bank, according to sources.
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The pace of borrowing has slackened for public sector borrowers as Easter approaches but a few are still out hunting for second quarter funding.
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Korea Expressway Corp joined the flurry of bond launches in Asia on Tuesday, marketing a three year floating rate dollar note.
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Unédic and Austria have announced that they will sell euro benchmarks at the long end of the curve on Tuesday.
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International Finance Corporation is set to launch a new 10 year Kangaroo bond.