Bank of America
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Akbank’s attempt to raise a $250m three year loan has received a strong response, say bankers involved, as details of the deal’s fee structure have emerged. -
Woori Bank is well underway with what will be the first Basel III additional tier one (AT1) from a non-Chinese bank in Asia ex-Japan. Bankers on the deal officially launched bookbuilding with price guidance on June 3, having collected feedback from investors the previous day on fair value and the best comps.
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Deutsche Bank has poached a managing director from Bank of America Merrill Lynch to co-head its corporate broking team.
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The Asian bond market woke up to a slew of new issuance on June 3 with six deals all vying for investor attention. And in the midst of the action is Indian telecommunications giant Bharti Airtel, which is enticing bids for a new 10 year dollar offering.
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US flooring manufacturer Mohawk Industries made its euro debut on Tuesday, aiming to fund its acquisition of Belgium's IVC Group. However, leads could not tighten pricing from initial price thoughts.
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Rentenbank opted to increase the size of a 10 year dollar benchmark over squeezing the pricing tighter on Tuesday.
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FMS Wertmanagement placed a short three year bond in sterling on Tuesday, while the European Investment Bank announced a tap of a 2021 line in the currency.
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ABN Amro priced the first FIG senior green bond in euros on Tuesday in less than favourable market conditions. But the borrower did not pay up to go green.
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Cosmos Boom Investment has launched an up to $290m convertible bond, which not only comes with a guarantee but is also backed by a standby letter of credit from one of the big four Chinese banks.
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Korea's Woori Bank has announced what will be the first Basel III additional tier one (AT1) from a non-Chinese bank in Asia ex-Japan. As a first of its kind bankers are given investors time to consider the structure and give feedback on pricing ahead of opening books.
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Nasdaq-listed Qunar Cayman Islands, a provider of online travel services, is in the market with a follow-on offering of 8m American Depositary Shares (ADS) which could raise some $360m based on its current share price.
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The bookbuild for the IPO of Spie —the French electrical, telecoms and technical services company — was launched on Monday June 1, and was covered on the first day.
