Standard Chartered

Bahrain has picked five banks to arrange its next Eurobond. With one of those banks also linked to the Saudi Arabia mandate, the deals are expected to be timed to avoid collision.

Bankers expect a slowdown in primary supply this week, as FIG issuers reflect on an unseasonably busy period for new issuance. But opportunistic trades remain possible, as spreads tighten across the sector.

The Eastern and Southern African Trade and Development Bank (PTA) is preparing to refinance a $320m credit line and is in the process of choosing banks to lead the deal.

China Construction Bank’s Singapore branch sealed a Rmb1bn ($150m) dim sum transaction Thursday, putting an end to a one-month silence in the offshore renminbi (CNH) debt market.

Akbank will widen the margin on its loan by 25bp if the bank is downgraded. The move is a condition the bank’s relationship lenders required after the attempted coup in Turkey on July 15. While Burgan Bank this week avoided a similar clause, other Turkish banks will likely have to accept them.

Banks are gearing up to reverse a disappointing year for additional tier one bond issuance. Royal Bank of Scotland and Standard Chartered led the charge this week, and there may be no stopping the turnaround as prices rise and greater regulatory clarity puts investors' minds at ease.

Standard Chartered attracted huge demand for a Reg S additional tier one note on Thursday, clearly displaying the asset class’s recovery over the past two months.

Bank of Communications Hong Kong branch made an opportunistic move this week to complete its second dollar bond outing of the year. Its floating rate note attracted a multiple times covered book, allowing it to increase the size of the deal while pushing down funding costs.

Ford Auto Finance (China) is set to launch its second auto ABS transaction of 2016 with a Rmb3bn ($450m) offering that is almost identical to its outing earlier in the year.

Standard Chartered has hired Daniel Trinder from Deutsche Bank as head of regulatory reform.

Ghana bought back $100m of its outstanding 2017s on Tuesday after postponing a new issue last week which was due to finance a much larger buy-back. Ghana’s bonds have since rallied, bringing the country’s borrowing costs down substantially, according to a fixed income investor.

Greenko Investment Company is building books for what will be India’s first dollar-denominated green bond by a corporate issuer. On the same day, BoCom HK has returned with a three year dollar floater.