Bank of America
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Hydropower firm China Yangtze Power Co debuted in the equity-linked bond market this week, raising $521.9m with a dual currency exchangeable bond — a product rarely seen in Asia. The liquid nature of the underlying stock and the credit quality of the issuer helped reel in demand, writes Jonathan Breen. -
On Wednesday, UK financial software firm Misys pulled the $1.5bn refinancing it had been marketing as part of its planned IPO, having dropped the share sale last week.
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Colombia window manufacturer Tecnoglass began meeting bond buyers on Tuesday ahead of a potential dollar market debut.
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On Wednesday morning, Sirius Minerals, the company seeking to build a new potash mine in North Yorkshire, launched a bold $940m equity capital increase and convertible bond to finance stage one of the project.
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Hydropower firm China Yangtze Power Co launched a dual currency exchangeable bond on Wednesday evening, looking to fetch $521.8m, according to a termsheet seen by GlobalCapital Asia.
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The International Finance Corporation has launched the world's first 'forests' bond, which offers investors the option to receive coupons in the form of carbon credits or in cash.
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The IPO of Dis-Chem Pharmacies, the South African retail pharmacy group, was covered at its largest possible size two working days into the bookbuild, as the South African rand rallied on news that finance minister Pravin Gordhan will no longer face fraud charges.
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Bank of America Merrill Lynch's Peter Guenthardt and Chris Gammons are exchanging roles in Asia, with Guenthardt assuming leadership of southeast Asia and Gammons taking over global capital markets.
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China’s United Photovoltaics Group is considering selling a new dollar bond and has mandated two leads to run its transaction.
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National Express, the UK coach operator, tapped the sterling bond market on Friday with a £400m seven year trade that swerved volatility in the Gilt market.
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US glass container manufacturer OI on Thursday added its deal, a loan-to-bond refinancing, to a high yield market scoreboard already loaded with another seven offerings.
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PNB Housing Finance is set to price its Rp30bn ($450m) IPO in India at the top of the expected range after investors piled into the trade, allowing it to wrap up with books 30x covered.
