Bank of America
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Hutchison China MediTech (Chi-Med), the drug-making arm of Hong Kong billionaire Li Ka-shing’s Hutchison Whampoa, has opened books for its $100m IPO on the Nasdaq. -
South Korea’s Shinhan Bank has mandated five banks for its bank capital debut in the international bond market.
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Union Medical Healthcare is due to close books on its HK$951m ($122m) IPO in Hong Kong on Friday evening, with pricing expected over the weekend, according to a source close to the transaction.
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Korea Resources Corp (KoRes) is set to make its first appearance this year in the international bond market, having mandated four banks to work on a dollar offering.
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The dollar FIG market enjoyed its busiest week of the year as banks emerged from the sidelines to dominate the primary market following a two week rally in credit spreads.
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Two Turkish bond deals this week were seen as a welcome treat for investors starved of recent supply from the country, and more is still in the pipeline.
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Even rival bankers are lavishing praise on the $1.5bn long 10 year bond Turkey sold on Wednesday, which drew a $4.47bn book and needed only a 10bp-15bp new issue premium to print.
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Georgia Power has become the second investment grade US utility — and the second Southern Company subsidiary — to issue a green bond, as its peers assess the instrument’s potential.
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The Eurodollar corporate bond market, in limbo for more than a year, coughed back into life today as Nestlé, its stalwart issuer, returned after a long absence for a modestly sized issue.
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KfW was set to print its third euro benchmark of the year on Wednesday as GlobalCapital went to press and SSA borrowers rush ahead of next week’s European Central Bank meeting.
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Turkey has released a tight range of price guidance for its long 10 year dollar bond. The deal is expected to be priced later on Wednesday. Meanwhile compatriot corporate credit, Koc Holding is hitting the road
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UBS has hired Alice Crawley from Bank of America Merrill Lynch to manage business selection and conflicts for its investment banking businesses, a new job at the firm.
