Bank of America
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The European Union reopened its 1.375% October 2029s to raise just over €1bn on Thursday and will use most of the proceeds to refinance a maturing loan for Ireland.
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An Asian issuer could be about to make its second visit to the socially responsible bond market, with its green offering appearing to have undergone a slight rebranding exercise. -
ICBCIL Finance, a wholly-owned subsidiary of ICBC, has picked banks to work on its return to the international bond market, in what would only be its second dollar deal.
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A $550m three tranche borrowing for Bank Rakyat Indonesia (BRI) has launched into general syndication, but not all the mandated lead arrangers and bookrunners are looking to sell down.
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Mexican development bank Banco Nacional de Comercio Exterior (Bancomext) sold $1bn of 10 year notes on Tuesday in a bond sale that Latin America debt bankers hoped would encourage more borrowers into the market.
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Size is still coming at a price for SSA borrowers, with European Investment Bank paying a slightly elevated new issue premium for a $4bn five year on Tuesday. Despite this, bankers said a second trade from Erste Abwicklungsanstalt confirmed the market is in robust health.
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Hellman & Friedman is acquiring a majority stake in the Swedish company Securitas Direct with a €2.7bn financing package involving bonds and loans.
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Turkey’s Yapi Kredi Bank has named the 38 lenders in its latest $1.2bn-equivalent one year loan.
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The higher level of new issue premium SSAs have to pay in dollars is set to be showcased this week, after a pair of European borrowers hit screens on Monday with benchmarks in the currency.
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The Export-Import Bank of Korea (Kexim) has mandated four banks to arrange a non-deal roadshow that is set to begin on October 6.
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A conveyor belt of dollar benchmarks from SSAs passed quality control this week despite tough background conditions. But there are signs issuers are following those in euros by boosting concessions.
