Bank of America
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When UK telecoms company Vodafone announced in May that it had agreed to buy some of US rival Liberty Global’s European operations, it said it would use existing cash, €3bn of mandatorily convertible bonds and new debt, including hybrid bonds to fund the €18.4bn acquisition. On Wednesday, Vodafone sold the hybrid bonds, using four different tenors in three currencies. -
Thailand Future Fund is due to announce a timeline for its long-delayed IPO next week, with bookbuilding set to kick off in mid-October.
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NRW.Bank hit screens on Tuesday for its first dollar benchmark of the year, ahead of what will be a closely watched Federal Open Market Committee meeting on Wednesday.
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Bain Capital is preparing to test whether sentiment towards French IPOs has improved post-summer, by floating Consolis, the concrete producer, on Euronext Paris.
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General Electric’s distributed power unit began marketing a $1.8bn leveraged buyout loan. The deal has high net leverage and tight pricing guidance, two of the possible risks in the market underlined by the Bank for International Settlements (BIS) this week.
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Exyte, the German company that designs and builds high tech facilities such as laboratories and factories, has unveiled its plans to go public on the Frankfurt Stock Exchange in October, having filed an intention to float document on Monday.
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Comcast won the bidding war for Sky over the weekend, with the US cable company mobilising £28.79bn-equivalent of loan funding to buy the UK media firm.
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Spain’s largest department store group, El Corte Inglés, picked a busy week to roadshow its first rated issue. But its bonds will be listed in Dublin, despite efforts from the Spanish financial regulator to force a domestic bond listing in Madrid.
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Nestle, Électrcité de France and BP have led a stampede to the dollar market ahead of an expected rate hike by the Federal Reserve next week, as credit markets shrugged off trade wars between the US and China.
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