Americas

China-based Energy Monster, a mobile device charging company, has kicked off the roadshow for its Nasdaq listing. It is eyeing up to $218.7m from the deal.

CNP Assurances found favourable pricing in dollars this week, when it ventured into the Reg S market for its second sale of restricted tier one (RT1) capital.

Grupo Bimbo, the Mexican food company that says it has gained millions of new customers during the pandemic on the way to posting record sales and Ebitda, will prepay $600m of global bonds maturing in 2022 using proceeds from a bank loan.

Magnum Opus Acquisition, a special purpose acquisition company (Spac), has raised $200m from a New York Stock Exchange IPO.

Two Mexican corporates — real estate investment trust (Reit) Fibra Uno and leasing company Operadora de Servicios Mega — re-opened bonds on Thursday as supply trickles into the Latin American primary bond market. But only Fibra Uno was able to tighten pricing from initial price thoughts.

Chinese question-and-answer platform Zhihu has raised $522.5m from its US IPO, after pricing the deal at the bottom of the marketed range, according to a source familiar with the matter.

Bonds issued by the Province of Buenos Aires enjoyed a rally this week as some investors sensed a restructuring agreement is closer, even as a group of bondholders finally lost patience and sued Argentina’s largest province in New York’s courts.

The London Stock Exchange Group made its debut in the dollar bond market on Thursday as bankers welcomed a wave of deals related to a jump in mergers and acquisitions activity.

The Covid pandemic has delayed a lot of progress in the capital markets, but bankers say the industry is still on track to meet Libor transition deadlines. Investors have consented to the Bank of Nova Scotia transitioning the basis of its sterling covered bond from Libor to Sonia, while Westpac is seeking consent.

The creditor committee of Suriname bondholders says that it requires both further economic data and confirmation that it will have a say on the country’s economic programme before its members can participate in a consent solicitation launched last week.

A group of investors owning a portion of Belize’s only international bond are forming a bondholder committee and are hosting an investor call on Friday as the highly indebted Central American sovereign prepares yet another debt restructuring.

NatWest Group is looking to smarten up its capital structure by repurchasing up to $6.7bn of its subordinated debt from investors, including two legacy instruments. The offer arrives a week ahead of a deadline for UK banks to submit official clean-up plans for their old-style securities.