Bank of America
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Industrial and Commercial Bank of China closed a $1.5bn three tranche deal through its New York branch on Wednesday, finally closing the 10 year bond sale it hoped to do last year. -
Turkish biscuit maker Ülker has launched its second syndicated loan of the year for $350m, having been the first Turkish company to come to the market this year, in April.
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A pair of Dutch public sector borrowers are set to come to market with socially responsible investment bonds. The deals form the first wave of an approaching flood of SSA SRI borrowing.
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The IPO of EN+ Group, the Russian power and metals company controlled by Oleg Deripaska, has got covered at its base size, on the penultimate day of the bookbuild.
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China Literature has priced its listing at the top of guidance, raising HK$8.3bn ($1.06bn) after closing the books hundreds of times oversubscribed.
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Industrial and Commercial Bank of China is marketing a dollar bond deal spanning three tranches through its New York branch.
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Corporate hybrid bond investors have been heavily scaled back on their recent orders for new deals, so they will have been pleased by French laboratory testing firm Eurofins Scientific's Halloween Tuesday announcement mandating for its latest deal.
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Investors cheered Hon Hai Precision Industry Co’s first convertible bond (CB) issue in seven years this week, cramming in $3bn of orders into the $500m deal. That pent-up demand, along with the Taiwanese iPhone parts maker’s own strong equity and credit, meant it could get away with aggressive terms. John Loh writes.
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The securitization market in China is “on a tear”, according to Bank of America Merrill Lynch analysts, and with supply set to greatly outpace that of European ABS, investors should be looking at the Chinese market more closely.
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Tencent-backed China Literature has closed books on its red-hot HK$8.3bn ($1.1bn) Hong Kong IPO a day earlier than planned, although there was no firm price guidance from the lead banks.
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Taiwan-listed Hon Hai Precision Industry Co is in the market with an up to $500m currency-linked convertible bond, breaking a seven year absence from equity-linked issuance.
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Buoyed by Wind Tre’s landmark bond deal on Tuesday, European high yield participants say the market has shown there is demand for more jumbo deals — like Refresco’s €2.4bn buyout debt.
