Bank of America
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The investment grade corporate bond market suffered another difficult day on Monday, with the breakdown of talks between Greece and its creditors at the weekend giving issuers and investors ample reason to shun the primary market.
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Two SSA borrowers are out with dollar deals early this week — trades that could set the tone for the rest of the week’s issuance in the currency.
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The UK’s move to negative outlook by Standard & Poor’s had little impact on Gilts on Monday boding well for the country’s first syndication of the 2015-16 financial year next week.
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Singaporean upstream oil and gas company KrisEnergy is seeking S$169.5m ($126.2) in a rights issue for capital expenditure to grow production in existing fields and near-term development projects.
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Acibadem, the Turkish healthcare company part-owned by Malaysia’s IHH Healthcare, has completed $503m-equivalent of loans with banks.
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The UK Debt Management Office has announced which banks will run its next planned syndication — which includes a rare name on a UK mandate.
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Two equity accelerated bookbuilds were conducted in Europe on Tuesday evening. One was a private equity selldown of Thule – but more unusually, Capgemini raised €500m for an acquisition, at a 2.9% discount.
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An agency is set to become the latest issuer to enter the green bond market, after scheduling a global investor call for Friday.
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Oi, the Brazilian telecoms company, is seeking to issue a €500m high yield bond, and buy back four old euro bonds.
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China Biologic Products, the Nasdaq-listed biopharmaceutical firm, sold an increased offering of American Depositary Shares (ADS) on June 9 to raise $315m, as books closed a day earlier on the back of strong demand.
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Hyundai Heavy Industries Co printed a $221.6m zero coupon exchangeable bond on June 10, ending a near two-year drought in new supply of such bonds from the country. The deal prompted a huge response, igniting debate about whether the gate has been flung open for Korea’s equity-linked market, writes John Loh.
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After 499 years as a national asset, Royal Mail's privatisation is nearly over. The UK government sold a 15% stake for £750m in a successful accelerated bookbuild on Wednesday night.