Bank of America
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Sanofi, the French pharmaceutical company, priced a €2bn three tranche bond on Monday — a large slice of the day’s activity as issuers kept up strong supply in a heavy-feeling European corporate bond market. -
Industrial and Commercial Bank of China (ICBC) opened books on Tuesday for a dollar tier two offering, taking advantage of the last issuance window before this week’s Federal Reserve meeting. The issuer is replicating the bullet structure used by Bank of China in its 2014 offering, a deal which saw a blowout response.
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The International Swaps and Derivatives Association is likely to have to change its licensing practices as a result of a $1.9bn credit default swaps price fixing settlement by banks, according to a source familiar with the case.
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Pernod Ricard, the French distiller, priced an opportunistic €500m bond on Monday, paying an 18bp new issue premium in a market that some participants feel is getting heavier.
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Brait, the South African private equity firm listed in Luxembourg and Johannesburg, issued a £350m convertible bond on Friday September 11. A banker at one of the leads said the deal, a true credit instrument, was very unusual for a company of this kind.
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The euro pipeline for SSAs is fit to burst amid strong conditions, with a trio of issuers hitting screens on Monday and at least one borrower set to come with a deal later in the week.
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Davide Campari-Milano, the unrated Italian drinks company, began a roadshow in London on Thursday for its first euro bond issue in three years.
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Industrial and Commercial Bank of China has mandated five banks to work on a US dollar-denominated Basel III tier two trade.
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The entity that has managed the Panama Canal since the US relinquished control in 1999 will meet fixed income investors in the next week ahead of a planned bond market debut.
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South Korea's Hotel Lotte has appointed one domestic and two global banks to manage its 2016 IPO.
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Bank of America Merrill Lynch has made three senior hires in its Asia Pacific research unit, according to a memo seen by GlobalCapital Asia. All of them will be based in Hong Kong.
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