Bank of America
-
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. -
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.
-
China’s United Photovoltaics Group is considering selling a new dollar bond and has mandated two leads to run its transaction.
-
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.
-
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.
-
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.
-
-
-
Investors showed signs of wilting under the torrent of callable bond structures as BNY Mellon, Goldman Sachs and Wells Fargo continued the rush by US banks to print bonds aimed at cutting the cost of complying with Total Loss Absorbing Capacity (TLAC) rules.
-
The IPO of Misys, the UK banking software producer, was pulled on Thursday morning despite the books being covered at the base size, in another demonstration of the sour mood that has gripped the new issue market since the Nets IPO and the Conservative Party conference.
-
The wrecking of the autumn IPO calendar got worse this week as Misys, the UK banking software company, pulled its IPO, though ConvaTec managed to raise £1.7bn and Ahlsell Skr6bn. Surprisingly, writes Aidan Gregory, further companies are still coming forward with IPO plans.
