Bank of America
-
The latest Turkish corporate loan for Borusan Holding may have failed to attract international banks, but there are more deals in the pipeline, bankers say. -
-
The African Development Bank and L-Bank on Thursday added to a surge of deals at the short end of the dollar curve, as issuance rode on a wave of dovish central bank outlooks.
-
The Federal Reserve (Fed) and the Federal Deposit Insurance Corporation (FDIC) have tossed out big bank plans to wind themselves up in a disaster situation, citing a string of failures in preparing the “living wills” which are supposed to guide regulators when a systemic firm goes down.
-
JP Morgan has made one of its managing directors in New York head of loan & high yield capital markets in EMEA, filling a one year old void.
-
Appetite for Korea Resources Corp’s offshore outing on Monday was strong despite Moody’s recent decision to review its rating for a downgrade. Not only was the issuer able to increase the bond’s size to $500m but it also found a high quality order book.
-
China’s plans to reduce the pressure on its financial sector by pushing banks to securitize non-performing loans (NPLs) is plausible. But several conditions will first have to be met for the product to take off, according to Bank of America Merrill Lynch’s head of international structured finance research Alexander Batchvarov.
-
Bank of China Aviation is poised to meet investors ahead of its 144A return that could hit the market as early as next week, while HK Electric has mandated banks for Reg S notes.
-
South Korea’s Kia Motors Corp has started taking orders for a 144A/Reg S deal, which is split between a five year and a 10 year tranche.
-
L-Bank and the African Development Bank are set to be the latest issuers this week to take advantage of rising short end dollar swap spreads, mandating for deals on Wednesday after Finland printed a short dated deal of its own.
-
Nomura’s restructuring of its overseas activities has led to several senior directors in leveraged finance in both the US and Europe leaving the bank this week.
-
Only domestic banks joined Borusan Holding’s $400m loan in syndication, although lead banks had hoped the deal would entice a global syndicate.
