Bank of America
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The weakness of the US leveraged finance market was brought home to market participants with a jolt on Tuesday, when the Carlyle Group, which is buying Veritas Technologies, a US data storage company, abandoned its attempt to raise $3.3bn of debt for the deal.
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Hong Kong property company New World Development has picked banks to arrange investor meetings ahead of a proposed dollar offering. -
ING Bank was able to price its debut euro green bond inside its regular senior curve on Tuesday, with bankers estimating a very slim premium for the well subscribed trade.
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Veritas Technologies, the Californian data storage company, has increased its high yield bond issue to make up for a disappointing loan financing. But initial price talk has yet to emerge.
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Dali Foods Group Co priced its HK$8.87bn ($1.14bn) Hong Kong IPO close to the bottom of the range, as price sensitive investors called the shots.
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Star Petroleum Refining has started building books for its Bt15.6bn ($440m) IPO, as the leads hope to reel in investors to a rare benchmark-sized deal from Thailand that is offering an attractive dividend yield and discount to peers.
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International Airlines Group, the company that owns British Airways and Iberia, issued a highly successful €1bn convertible bond on Thursday, to refinance its acquisition of Aer Lingus, the Irish flag carrier.
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The green bond market was home to a pair of firsts this week, as one seasoned issuer sold its first ever bond in any format at a tighter spread to US Treasuries than mid-swaps, and another made its debut in the SRI format.
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Bank of Georgia completed the IPO of its healthcare subsidiary on Monday, as it successfully priced the deal, although at a price much below what it had hoped for.
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FCA Bank, the financing joint venture of Fiat Chrysler and Crédit Agricole, issued a €500m no-grow bond on Monday.
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Simon Property Group, the US property company that is the world’s largest real estate investment trust, launched a benchmark seven year euro bond on Monday , its first issue in the currency for over two years.
