Bank of America
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China Merchants Holdings (International) became the third Chinese issuer in less than a week to access the international bond market with a dual-tranche offering split between five and 10 year bonds on July 27. The identical structures and close proximity of the deals meant it was more or less the same result for the Chinese conglomerate.
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Problems in Chinese and emerging market economies have become the biggest fear for credit investors for the rest of 2015, according to Bank of America Merrill Lynch’s July Credit Investor Survey – having not featured at all as a concern in the bank’s May poll.
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Deutsche Bank has hired a credit index trader in London, reprising a business that it looked to have exited this year.
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Acromas Bid last night responded to reverse enquiry for Saga shares by selling what was its third block in the UK insurance provider for £141m and what could be one of the last blocks before the August break.
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Bank of America Merrill Lynch followed the lead of most US rivals by choosing to stay in dollars for post-results funding this week.
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China Merchants Holdings (International) became the third Chinese issuer in less than a week to access the international bond market with a dual-tranche offering split between five and 10 year bonds on July 27. The identical structures and close proximity of the deals meant it was more or less the same result for the Chinese conglomerate.
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China Merchants Holdings (International) Company has opened books on a dual tranche offering that could raise the firm as much as $700m.
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Apple made its debut in the sterling market on Friday, targeting long maturities of 14 and 27 years as it tapped its fifth funding currency since returning to the bond markets in 2014 following a long absence.
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Guarantor: Financial Market Stabilisation Fund of the Federal Republic of Germany
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Fiat Chrysler Automobiles put to rest rumours about the bank group working on its much-hyped spin-off of Ferrari, the Italian luxury sports car manufacturer, on Thursday, as it announced that two European houses and one American one were to lead the transaction.
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In what was hailed as a momentous, perhaps record breaking, week in high yield finance, Japanese telecoms operator SoftBank took the crown by raising the year’s biggest Asian offshore high yield deal, writes Victor Jimenez.
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Apple is set to issue its first ever sterling bond, after mandating banks on Thursday. It is the third currency in which the issuer will have made its debut in 2015.