Bank of America
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A trio of issuers have lined up short end dollar deals for pricing on Wednesday. Some bankers said the focus on threes and fives was in response to poor US jobs data last week, although that view was not universal. -
Hotel Lotte Co has sliced the potential money it can raise from its IPO to W5.3tr ($4.6bn), a cut of more than W400bn, and pushed back the deal to now launch in mid-July, according to an updated prospectus filed with the South Korean regulator.
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Industrial conglomerate Cosan will be hoping market conditions do not turn against it for a third time after it launched a tender offer and announced investor meetings ahead of a possible new bond.
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Verisure, the B2/B rated Swedish alarms systems company, has allocated its €1.02bn term loan ‘B’ after adding a €135m tranche.
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Hotel Lotte Co has delayed the launch of its IPO, which could raise W5.7tr ($4.9bn), as it needs to file more documentation for the deal, it said on Friday — but the setback came just after the issuer’s offices were raided last week on accusations of bribery, according to sources close to the situation.
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Turkish banks Halkbank and Turkiye Sinai Kalkinma Bankasi are refinancing one year loans and offering a premium to lenders committing in dollars.
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GlobalCapital is delighted to announce the winners of its Americas Derivatives Awards for 2016. The results were revealed at a gala dinner at New York’s Metropolitan Club on June 2. Thank you to everyone who supported the event by attending and for taking part in the pitches that decided who were the best and brightest in US, Canadian and Latin American derivatives over the last 12 months.
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Banco Popolare’s €1bn rights issue, for which the pricing was announced on Thursday, is a “done deal” according to a banker away from it — so much so that Bank of America Merrill Lynch and Mediobanca have kept the underwriting to themselves.
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South Korea’s KT Corp is preparing for a dollar bond in the second half of the year, having selected four banks to work on the trade.
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The race is on for India’s first insurance IPO as ICICI Prudential Life Insurance lines up banks for its up to $400m float.
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The wave of rights issues and capital raisings in the market this summer is so far going smoothly, with good news this week for Banco Popular Español, as its shares and rights perked up in trading.
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