Bank of America
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KKR launched on Monday evening (June 8) its first selldown of stock in Pets at Home, the UK pet retailer, since its IPO in March 2014.
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The second of Italy’s big bank rights issues this year has begun — the €850m issue for Banca Carige.
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Nasdaq-listed China Biologic Products is marketing a sale of 2.5m American Depositary Shares (ADS) comprising a mix of new and existing shares, which could be worth $296.48m at its last close. -
The owners of Worldpay have chosen Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley to lead the payment processing firm’s initial public offering.
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Attempts by Turkish banks to go beyond the standard one year refinancing have gathered momentum, with Turk Eximbank joining Akbank in offering a longer tenor.
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Dell, the US personal computer maker, has closed books on a loan repricing and will increase the deal, although investors put the brakes on a full repricing.
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Ineos, the UK chemical company registered in Switzerland, is allocating €2bn of leveraged loans after an amend-and-extend exercise that led to a refinancing of some of its dollar debt.
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The dollar market has been a haven for public sector borrowers during a tumultuous time for euros, but the possibility US Federal Reserve rate hikes is causing concern that that market could shut too.
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Dell, the US personal computer maker, has closed books on a loan repricing and will increase the deal, although investors put the brakes on a full repricing.
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Woori Bank this week became the first non-Chinese bank to print an additional tier one (AT1) bond in Asia ex-Japan. The Korean lender was able to achieve the lowest coupon globally for an AT1 deal but sparked criticism that it was too aggressive with pricing and risked shutting the bank capital pipeline from the country, writes Narae Kim.
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Allocations for a loan by KKR-owned MMI International have reignited a debate between investment banks and commercial banks about final holdings. Investment bankers argue that arrangers should be concerned about the quality of the credit, rather than what each bank in the top group holds, writes Shruti Chaturvedi.
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Bharti Airtel showed that scoring a huge order book is not necessary for a deal to be deemed a success. Its $1bn trade attracted just double that in bids, but Bharti still managed to achieve its tightest ever spread, with the bonds also trading well in the aftermarket.
