Bank of America
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MuniFin will launch its first ever green bond on Tuesday, after completing a two week roadshow to gauge investor sentiment. -
One of the biggest Chinese bad debt managers China Cinda Asset Management sealed a $3.2bn deal last Friday, marking the country’s first AT1 from a non-bank entity. In addition, it is also the largest dollar deal from a Chinese issuer so far this year.
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RWE has announced the price range for the IPO of its renewables business Innogy, which could become the largest IPO in Europe since 2007 if it reaches its maximum €5bn size.
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Hong Kong is getting ready for a slew of $1bn-plus deals with China Resources Pharmaceutical Group preparing for its listing, as the city sees off the world’s largest IPO since 2014.
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One of the biggest Chinese bad debt managers, China Cinda Asset Management, is set for a dollar-denominated Reg S additional tier one deal, marking the country’s first AT1 from a non-bank entity.
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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.
