Bank of America
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Ball Corp, the US metal packaging manufacturer, wants to issue its first euro bond as part of a €1.5bn-equivalent deal to support the purchase of UK can maker Rexam.
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The French government is this evening selling 2.64% of Safran, the French aerospace and defence group, in a competitive block trade.
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Shares in Delta Lloyd, the Dutch insurance company, fell 10% on Monday after it announced a €1bn rights issue to strengthen its solvency as it plans for new EU insurance regulation. By Thursday, they were 29% down.
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Turkish bank Yapi ve Kredi Bankasi has hired four banks to arrange a dollar tier two bond that it expects to issue in early 2016, using the December quiet spell to capture credit investors’ attention.
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Doosan Power Systems (DPS) and the Sydney branch of Industrial and Commercial Bank of China started attracting interest from bond investors on November 30, opening books for their respective dollar deals.
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Thailand’s Star Petroleum Refining successfully wrapped up its Bt13bn ($365m) IPO on Thursday. But while the trade was oversubscribed, it decided not to go ahead with an increase and greenshoe option.
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Argentina will offer a rare high point for Latin American new issuance volumes next year, predict bankers and investors, after voters in South America’s second largest economy elected the most business friendly candidate as their next president.
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MasterCard, the US credit card payments company, raised €1.65bn on Monday with its first euro bonds — and only its third bond issue ever.
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SKF, the Swedish ball bearing maker, won a €2.2bn order book on Tuesday for a €500m no-grow bond, issued to partly fund a tender offer for older notes.
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Lloyds is set to exchange two old tier two instruments for new longer dated debt as it shifts towards holding company issuance in the wake of regulators' new emphasis on loss absorbing capital.
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On Wednesday, the same day as Total's debut convertible, came another inaugural deal, from Brenntag, the German chemicals distributor, which has a €7.7bn market cap — dwarfed by Total’s €113bn.
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Turkey’s Garanti Bank will sign its second loan refinancing of the year in London on Friday, according to a lead banker.