Bank of America
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The dollar market was on spectacular form on Wednesday, with a Canadian province pushing out a rare 10 year bond, a supranational smashing its size record and a $4bn five year from a German agency. -
Public sector borrowers are lining up a three pronged attack on Wednesday in a dollar market that is enjoying its widest swap spreads of the year. Quebec is attempting the first 10 year dollar benchmark since the first week of the year, KfW is out in fives — a part of the curve that has also become attractive in euros — and the Inter-American Development Bank is coming at the short end.
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Turkish bank refinancing activity has ramped up, with Ziraat Bank signing its $1bn syndicated loan on Monday after Yapi Kredi sent out a request for proposals (RFP) at the end of last week.
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Acetow, the cigarette filter maker Blackstone is carving out of parent Solvay, has launched €630m-equivalent of loan facilities for the buyout, four months after it was announced.
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Aston Martin, the UK luxury car maker, made savings of up to 400bp on Friday as it wrapped up its latest bond refinancing bond. Investors came along for the ride but found it a bit of a squeeze.
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Micro Focus, the UK legacy software firm, has launched the $5bn loan to finance its acquisition of Hewlett Packard Enterprise’s software business — the biggest new money loan in the European leveraged loan market this year.
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Guotai Junan Securities Co has wrapped up its HK$16.5bn ($2.1bn) IPO, after a flood of late demand.
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CK Hutchison Holdings, through CK Hutchison International (17), raised $1.8bn across two tranches on Thursday while competing with seven other issuers in the busy Asia debt market.
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The first ever green bond from a Gulf issuer met with what could best be described as moderate interest from the market on Monday, with even bankers on the deal admitting that the execution window was far from ideal.
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Hyundai Capital America seized on Asian investor liquidity to close a $1.1bn deal across three tranches, including a floating rate note, on Wednesday.
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Colombia-headquartered lender GNB Sudameris returned to bond markets after a four year absence on Wednesday, tightening pricing on a 10 year non-call five tier two bond.
