Bank of America
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Hong Kong-listed Television Broadcasts (TVB) is set to connect with bond investors for a debut dollar transaction. -
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US car rental provider Avis this week followed rival Hertz to the euro market and sold a €300m bond, increasing the deal from its initially marketed size.
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South Korea’s Woori Bank printed a $500m Basel III additional tier one on Tuesday off the back of a modest $850m order book. The notes struggled a little in secondary the following day before rebounding on Thursday, putting the focus on the transaction’s pricing and timing, writes Addison Gong.
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India’s debut IPO from the insurance sector has priced at the top of its range, with ICICI Prudential Life Insurance Co raising Rp60.6bn ($904.8m) as demand exceeded supply by almost 11x.
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Postal Savings Bank of China (PSBC) made waves in the market this week, bringing its HK$57.6bn ($7.4bn) IPO in Hong Kong to a close as a third of investors were zeroed from the world’s biggest float in two years.
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China Cinda Asset Management Co is set to be the first of the country’s four state-owned bad debt managers to hit the bank capital market for a dollar additional tier one trade.
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South Korea’s Woori Bank printed a $500m Basel III additional tier one offering on Tuesday off the back of a modest $850m order book. Although the notes sold off a little bit in secondary, bankers on the deal reckon the issuer got away with a decent outcome ahead of expected market volatility.
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Postal Savings Bank of China has raised HK$57.6bn ($7.4bn) from its Hong Kong IPO after pricing the shares off the bottom of the range, with allocations dragging late into Wednesday evening.
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Several European IPOs are progressing through bookbuilding this week, as issuers take advantage of a window of calm before the uncertainty of the US election in just over seven weeks time.
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Latin American development bank Corporación Andina de Fomento issued its longest dollar benchmark bond since 2012 on Tuesday, sneaking in before a Federal Reserve meeting and press conference to raise $1bn of five year bonds.
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On Tuesday, September 20, GlobalCapital held its annual Global Derivatives Dinner at Banking Hall in London and revealed the winners of its Global Derivatives Awards for 2016.
