Bank of America
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Barclays has hired Paolo Minerva from Bank of America Merrill Lynch as head of sourcing for its European distressed debt business. -
Conditional books are already oversubscribed for the €240m term loan that funds the Ontario Teachers' Pension Plan's acquisition of Mémora, an Iberian funeral services provider.
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Investor interest in the second leg of Chilean copper miner Codelco’s tender offer has been strong, with almost $1bn of bonds tendered by the early bird deadline.
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US borrowers have ramped up issuance in the euro high yield bond market so far this year, but investors described it as a "bad thing" in a recent credit investor survey by Bank of America Merrill Lynch.
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NRW.Bank has announced a three year dollar benchmark, picking banks for what looks to be this week’s only supply, according to one head of SSA syndicate away from the trade.
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British American Tobacco is expected to bring the week-long run without any new corporate bond issuance to an end later this week. The UK based tobacco company could issue in dollars, euros and sterling.
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Canara Bank priced a $400m five year senior bond on Thursday, marking the second dollar deal from an Indian bank in a week.
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The dollar market got off to a busy start in August with US telecoms heavyweights Verizon and Comcast taking home a combined $5.5bn on the back of strong demand.
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On Thursday night, in an otherwise barren week for equity block trades, General Atlantic, the US growth equity investment firm, launched the sale of a 2.1% stake in Axel Springer, the German publisher.
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Public sector issuers are taking advantage of strong summer conditions in the dollar market to bring green and arbitrage-style deals, with more issuance expected next week.
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HNA Commercial Reit is on the lookout for arrangers for its Singapore IPO, after Bank of America Merrill Lynch walked away from the deal. But the real estate investment trust’s search will not be easy. Bulge bracket firms are under scrutiny for any ties to parent HNA Group, which is feeling the heat from Chinese regulators. Jonathan Breen reports.
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Goldman boosts China focus — Mizuho loses syndicate banker — ANZ names Laos CEO — Levfin departure at BAML — HSBC’s REF head resigns — StanChart hires from Citi India
