Bank of America
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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.
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Evonik Industries, the German chemical company, has been a regular feature of the equity block trade market this year as CVC has sold down its stake, and what may turn out to be the last trade came on Monday night, when CVC sold 1.9% of the company.
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Anheuser-Busch InBev, the Belgian-Brazilian brewer, mandated a group of 21 banks to provide its $75bn loan facility, but there was no coordinator as AB InBev took an active role in arranging the transaction.
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ICBC New York returned to the dollar bond market one year after its debut with a $1bn dual-tranche offering on November 5. While the deal was popular with Asian accounts, interest from the US was lukewarm because of the issuer’s aggressive pricing tactic.
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CEEMEA bond watchers rarely agree on Middle East perpetual pricing and National Bank of Oman (NBO) was no exception. Rival bankers and investors gave a range of estimates as to how much NBO was paying up for its debut additional tier one (AT1) transaction.
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Anheuser-Busch InBev, the Belgian-Brazilian brewer, submitted a final recommended offer for SABMiller on Wednesday, having raised a record $75bn loan to support the transaction.
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Alliance Data Systems, the unrated US private label credit card and marketing services provider, is set to end meetings with European investors on Thursday for €300m of unsecured notes, its first euro issue.
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Anheuser-Busch InBev has secured a $75bn syndicated loan, which has been described as “the world’s largest ever loan”, for its £71bn recommended acquisition of SABMiller.