Bank of America
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Bank of America Merrill Lynch has put a co-head of EMEA capital products at risk of redundancy.
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Syndication has closed for a $975m refinancing for India’s Reliance Industries, with four new lenders coming in.
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Akbank signed its $1.2bn-equivalent loan on Friday - one of its two major annual refinancings. But although Turkish banks are paying more for dollar debt at the moment, European banks still like to lend in euros.
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The private equity owners of German wind turbine maker Senvion have grudgingly relaunched its Frankfurt IPO, just five days after pulling it on low demand. The new deal is half the size of the earlier one, and implies a valuation €300m lower.
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HeidelbergCement issued a benchmark high yield bond on Monday that was increased to €1bn and nearly three times oversubscribed.
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Ball Corp, the US metal packaging manufacturer, has signed $4.15bn of debt facilities backing its $6.4bn acquisition of Rexam, the UK can manufacturer.
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Nederlandse Waterschapsbank pushed its dollar curve out to 10 years on Friday with its third green bond.
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Hutchison China MediTech (Chi-Med) has pocketed $101.25m from its Nasdaq IPO, debuting on the exchange on Thursday. But it had a lukewarm start, dropping 0.74% at the end of its first trading day.
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South Korea’s Shinhan Bank made a strong impression on bank capital investors this week, pricing a 10 year bullet tier two. Some of the credit for the transaction’s success goes to the fundamental strength of the issuer and the investor-friendly structure of the bond, but market participants say Shinhan’s willingness to pay up also deserves kudos.
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Senvion, the German wind turbine maker, pulled its €700m IPO on Wednesday morning, after a difficult bookbuild that failed to deliver a covered book.
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Kommuninvest’s long-awaited first foray into the green bond market was finally priced on Wednesday and Municipality Finance plans to follow with a green debut of its own later this year. Kommuninvest’s deal came just two days ahead of NWB Bank’s 10 year dollar deal which opens books on Friday.
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Nederlandse Waterschapsbank has mandated four banks for a 10 year green benchmark in dollars, following BNG's 10 year dollar deal on March 10.