Bank of America
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China South City Holdings (CSC) has returned to US dollars after an absence of close to three years. -
American International Group stirred up the equity market over the weekend, offloading its remaining stake in China’s PICC Property and Casualty Co through a HK$1.5bn ($193.4m) block.
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Segro, the UK property developer, has raised £324m through an accelerated bookbuild it launched on Friday morning after saying that the Brexit vote had not affected its operational performance.
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Postal Savings Bank of China has tacked on some 20 bookrunners to the syndicate group for its long awaited $8bn IPO in Hong Kong, which is set to begin pre-deal investor education on Monday.
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Two Hong Kong-based loans bankers from Bank of America Merrill Lynch’s Asia Pacific debt solutions team have left the firm.
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L&T Technology Services’ float could raise as much as Rp9bn ($134.7m) in India, with the company setting the price range for the IPO at Rp850-Rp860 a share.
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The European Central Bank could bring the shorter end of the euro curve back into play for public sector borrowers next week if it opts to cut its deposit rate once again, as super low yields led one market participant to describe a seven year euro benchmark by Finland this week as targeting the “short end” of the curve. Craig McGlashan reports.
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Islandsbanki has become the first Icelandic bank to issue a benchmark bond in euros since the financial crisis.
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Steinhoff completed syndication of $4bn of acquisition loans this week with the deal going “better than expected", according to bankers. The loan market has not shown signs of fatigue for the South African-based furniture retailer, even though the borrower has already asked a lot of the market this year.
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Five banks raised more than $10bn in the senior unsecured dollar market this week, exploiting strong demand and at spreads that were in line with where covered bonds would have priced.
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HSBC and Santander UK found strong demand for senior bonds issued from their holding companies this week, revealing an opportunity for more deeply subordinated supply such as Nordea’s tier two benchmark.
