Bank of America
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Bank of America Merrill Lynch has made a key hire for its South African investment banking business.
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Latin American development bank Corporación Andina de Fomento (CAF) will look to price a new dollar benchmark on Tuesday after beginning to take indications of interest on Monday.
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Banco CorpBanca Colombia is holding a roadshow in Taiwan alongside the US for a $200m two year syndicated loan.
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Postal Savings Bank of China has narrowed the price range on its Hong Kong IPO to the bottom half of guidance, and is set to raise up to HK$58.8bn ($7.6bn) in the world’s biggest listing in two years.
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Woori Bank has set sights on its second dollar-denominated Basel III additional tier one bond, opening books on Tuesday morning. It will be the first South Korean lender to test the bank capital market following a recent rule change on AT1 instruments.
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Public sector borrowers are piling into the dollar market at the start of the week, with a US Federal Reserve rate decision on Wednesday likely to shorten the issuance window.
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Takeaway.com, the Dutch online fast food delivery service, has opened the books for its €350m IPO, with a price range that could value the company at up to €1.1bn.
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Ghana has bought back $200m of its outstanding 8.5% 2017s — just half of the targeted $400m. Emerging markets investors were happy to hold the bonds to maturity, said one on Monday.
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Mercuria Asia Group Holdings and Mercuria Energy Trading are gauging interest from lenders for a joint loan of $900m, according to bankers.
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Bondholders owning some 71.11% of Brazilian meatpacker Minvera’s 7.75% 2023s agreed to tender their paper by the earlybird deadline of September 14, the issuer said.
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India’s equity capital markets started the week on a positive note, with the first private sector insurance company beginning to take orders for its IPO.
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Bayer clinched a $66bn agreement to buy Monsanto this week, forming a global leader in farming technology and promising a shower of capital markets transactions that will test debt and equity markets — but may also delight them.