Bank of America
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Rising inflation expectations, as governments switch their focus to fiscal stimulus and central banks move away from extremely loose monetary policy, are boosting demand for inflation linked bonds. Opec’s agreement this week to cut oil production pushed demand even higher. But there are question marks over whether issuers will adapt their funding menus to satisfy the new appetite, writes Craig McGlashan. -
South Korea's Shinhan Bank raised $500m on Wednesday, to match its March tier two dollar deal in size, but was forced to pay up to make it happen.
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The Republic of Indonesia popped into the market Thursday morning, kicking off December with a new triple tranche dollar deal, the second year in a row it has hit the bond market in the last month of the year.
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Tonight, Apax and Guardian Media Group are selling another 15% of Ascential, the UK events and publishing company, while Anglo-American is divesting its entire stake in Exxaro, the South African coal miner.
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South Korea's Shinhan Bank opened books to its second dollar tier two deal of the year Wednesday morning.
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US drugs specialist Catalent Pharma on Tuesday began offering its debut euro bond to investors as it sought funding for its acquisition of peers Pharmatek and Accucaps.
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The UK Debt Management Office broke its record low real yield at syndication on Tuesday for the second time in just over four months. The sovereign has also announced the results of a consultation meeting on what form its final two syndications of the 2016-17 financial year should take.
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Lanxess, the German chemicals company, issued a €500m hybrid capital bond on Tuesday as it sought financing for its acquisition of Chemtura.
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After almost two years away from the market, Thomas Cook opened a three day roadshow on Tuesday for a new euro deal, which will redeem its only sterling bond and portions of its 2020 euro notes.
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Hon Hai-owned Foxconn Interconnect Technology, also known as FIT Hon Teng, has put its IPO plans on hold until next year after getting poor feedback from investors.
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The UK Debt Management Office will have to raise an additional £20.6bn this financial year, including through an extra syndication, but SSA bankers are confident that there will be enough demand to meet the supply.
