Bank of America
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Four public sector borrowers will launch euro bonds on Wednesday, having announced deals throughout the curve ahead of this week’s European Central Bank meeting. -
Industrial Commercial Bank of China’s London branch and subsidiary signed a self-arranged $1.25bn facility in an oversubscribed deal with 16 banks on Tuesday. The deal follows a spate of lending by the bank in emerging market deals.
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Peruvian state-owned oil company Petroperu will issue bonds maturing in between 15 and 30 years, said Standard & Poor’s, as the company meets investors.
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Insurance broker Towergate priced its £800m high yield bond to finance its merger with four UK peers, resulting in a new company called Kirs. The deal follows a string of successful high yield sterling issues but faced pre-election jitters.
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WuXi Biologics has priced its HK$3.9bn ($500.4m) IPO at the top of guidance after an overwhelming show of demand from institutional and retail investors, according to a banker close to the deal.
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State Bank of India returned triumphantly to ECM in the country’s largest qualified institutional placement on Tuesday, raising Rp150bn ($2.3bn) even as one investor bid for half of the shares.
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Nordic Capital and Avista this week completed the second block trade in ConvaTec, the UK wound care and catheters company, since its £1.6bn IPO in October 2016.
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South Korea’s GS Caltex Corp bagged a $400m five year deal on Monday, securing buy-side support thanks to its credentials, despite a soft market backdrop.
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Société Générale has opened the books for the Paris flotation of ALD, its car leasing business, which if completed, will be the largest French IPO since asset manager Amundi went public in November 2015 for €1.6bn.
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Korean Air Lines is trying to take off with a new dollar bond following an aborted attempt in September last year. Also on Monday, GS Caltex Corp is out with a five year 144A/Reg S deal, while SOCAM Development has reopened its recent notes.
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Singaporean broadband provider NetLink Trust is set to begin investor education this week for its IPO, which could raise around $1.5bn, according to a banker close to the deal.
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