Bank of America
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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. -
Adani Ports and Special Economic Zone has become the first Indian bond issuer in almost two months, successfully wrapping up its debut outing on July 22. Market observers welcomed the deal as it injected some much needed variety in the China-dominated Asian bond market, but its pricing was a point of debate.
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Bank of America Merrill Lynch has given Peter Guenthardt the role of sole head of Asia Pacific global capital markets, following the departure of his former co-head and BAML veteran Jason Cox, according to a memo seen by GlobalCapital Asia.
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Credit traders and strategists report growing interest among investors to trade iTraxx Crossover “tranchelets” — slices of the index’s 0%-10% equity tranche — amid a heightened focus on jump-to-default risk for European high yield names.
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One of India’s largest port operators Adani Ports and Special Economic Zone is venturing into the international bond market for the first time, opening books for a 144A/Reg S five year on July 22.
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World Bank joined a swarm of issuers looking to print in the dollar market with a mandate on Tuesday for the first 10 year benchmark in seven weeks.
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Industrial conglomerate Cosan looks set to provide the toughest test of investor appetite for Brazilian credit risk since Petrobras published its delayed 2014 financials results in April.
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Tata Steel is looking to reprice a $3.1bn refinancing it sealed in 2014 and has asked banks on that deal for feedback. Although the loan is not performing remarkably in secondary, the company will be able to cut costs thanks to its solid banking relationships, said a source who worked on the 2014 borrowing.
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Swiss travel retailer Dufry began roadshowing on Monday its €500m high yield bond, part of the financing package to support its buyout of World Duty Free.
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Citigroup sold a 4.17% stake in Abengoa’s class ‘B’ shares in an accelerated bookbuild on Thursday night, for €97.6m.
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Though Bank of America remains by far the most fined bank in history, in the second quarter results for the US banks, it was Goldman that felt the heat, sucking up a $1.45bn provision for mortgage litigation and regulatory matters.
