Bank of America
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The surprise devaluation of the RMB in August surprised the markets, but banks are still seeing growing interest in the Shanghai pilot free trade zone (FTZ) as a treasury hub that can help manage local and regional liquidity needs. And the Chinese authorities have just pledged more liberalisation in the future. -
A pair of agencies are set to tackle the belly of the euro curve, following a five year euro benchmark from European Stability Mechanism that left the supranational with just €2bn left to fund in 2015.
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The initial public offering of Deezer, the French music streaming business, appeared to be in jeopardy on Tuesday afternoon, after the deal’s book closed without a covered message.
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Rizal Commercial Banking Corp (RCBC) has wrapped up its second offering in the dollar bond market this year, finding strong interest from onshore and offshore investors thanks to a rating upgrade from Moody’s.
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The initial public offering of Deezer, the French music streaming business, had on Monday afternoon not yet received sufficient demand from investors to get done, according to a banker close to the deal.
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The European Stability Mechanism hired banks on Monday to run the latest piece of its inflated 2015 funding target, as its chief financial officer said the supranational could move into instruments other than euro benchmarks and bills.
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A supranational issuer has nipped in to mandate for a dollar deal before a meeting of the US Federal Reserve’s Federal Open Market Committee later this week.
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Turkish automaker Tofas has completed syndication of a €200m seven year loan that will finance research and development projects for two cars.
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Beijing Automotive Group (BAIC) and Rizal Commercial Banking Corp (RCBC) are venturing into the international debt market, opening books for their respective euro and dollar bonds.
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Poste Italiane, the Italian state-owned post office, priced its initial public offering in Milan on Friday, exactly at the middle of its original price range, to raise €3.058bn.
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Wenzhou Kangning Hospital Co is set to pre-market its $100m Hong Kong IPO on October 26, with investor education slated to run for about two weeks before bookbuilding starts.
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