Bank of America
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Canara Bank is offering investors starved of paper from India’s FIG sector something to feast on, marketing a senior five year bond on Thursday. -
Exceedingly good conditions enticed Colombia to the bond markets on Wednesday for an earlier than usual second dollar issue of the year that came with a single digit new issue premium.
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The Nordic Investment Bank launched a two year dollar global on Wednesday, providing what looks like the week’s final issuance. The leads opted to forego price guidance, choosing a level as the deal hit screens on Tuesday.
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High yield issuers Future Land Holdings Co and China Logistics Property raised a combined $300m from their bonds on Tuesday. But the borrowers saw different outcomes. While investors continued to be attracted to property names, making Future Land’s deal 10x covered, they were less responsive to debutant CNLP.
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HNA Commercial Reit is searching for arrangers for its Singapore IPO after Bank of America Merrill Lynch pulled out from the deal. But the real estate investment trust’s listing may have to wait until its troubled parent can rebuild confidence in its name, said a source close to the transaction.
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The Asian Development Bank has picked up $1.25bn of green funding across two tranches, including its first 10 year dollar paper since January.
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The dollar market is grinding on throughout the summer, with public sector borrowers pushing out deals at the short end, although none have been in benchmark size this week. Two issuers launched transactions on Tuesday with a third slated to follow on Wednesday.
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United Biscuits, the maker of McVitie’s biscuits and Jacob's crackers, is to sign a £725m syndicated loan facility in the coming weeks to refinance a loan taken out in 2015 to fund its acquisition by Turkey’s Yıldız Holding.
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Maiden dollar issuers China Logistics Property (CNLP) and Future Land Holdings Co are attracting bids for new bonds, adding to the high yield issuance from the Mainland.
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Asian Development Bank has picked banks for a dual tranche green bond, revisiting an area of the dollar curve for the first time since January.
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A senior Hong Kong-based leveraged finance banker has left Bank of America Merrill Lynch, according to two sources.
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