Bank of America
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Latin American development bank Corporación Andina de Fomento’s (CAF) chief financial officer appeared relaxed at the prospect of rising interest rates in the US after the multilateral clinched a record low coupon and spread on its latest euro transaction. -
RCI Banque, the finance subsidiary of Renault, kept the car industry's bond market revival going, by issuing a €500m no-grow bond on Thursday.
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Royal London Mutual Insurance Society looked to the sterling market for a £350m 13 year subordinated bond, following meetings with investors earlier this week.
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RCI Banque, the finance subsidiary of Renault, has kept the car industry's bond market revival going, by issuing a €500m no-grow bond today.
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Dali Foods Group Co has given the Hong Kong IPO market a burst of excitement, launching a HK$10.4bn ($1.34bn) listing that could become the biggest float by a privately-owned company in the city this year. Bankers are touting it as the first deal in a long time to conduct a real institutional bookbuilding rather than simply relying on Chinese state-owned enterprises for demand. Rashmi Kumar reports.
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Primary activity has finally returned to the Asia ex-Japan high yield market following a hiatus of close to three months, with Future Land Development Holdings launching a deal on Thursday. While the pipeline remains thin, market participants are taking heart that not all is lost for the asset class, writes Rev Hui.
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Veritas, the Californian data management company, has become the first US borrower to roadshow for a euro high yield bond in the second half of this year — and bankers say it will soon have company.
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In a departure from recent tactics, the Export-Import Bank of Korea (Kexim) launched its most recent bond with a generous price guidance. But the gamble paid off as the borrower attracted a record order book and got away with paying only a small concession.
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Thursday may be bonfire night in the UK but all the fireworks in the loan market were taking place in the Middle East this week, as Commercial Bank of Qatar (CBQ) launched a $800m loan alongside three other banks and with a loan for Oman also in the pipeline.
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African private equity is feeling the effects of the wider capital flight from emerging markets and the downturn in commodity prices, but market participants say there are still fruitful investments to be made.
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Industrial and Commercial Bank of China New York opened bookbuilding for a dual-tranche senior dollar bond on Thursday, while Future Land Development Holdings has started wooing high yield investors with a new two year offering.
