Bank of America
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Flowserve, the industrial engineering company based in Irving, Texas, issued a €500m seven year bond on Tuesday.
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Canada is taking indications of interest on a three year dollar benchmark, amid a busy week of SSA issuance in the currency.
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The European Stability Mechanism has made a strong case that negative yielding bonds are an option for SSA issuers, after building a thumping book for paper yielding minus 0.07%.
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Auto Trader looks increasingly likely to achieve its desired valuation of £2.5bn, as the online new and second hand car website's London listing got covered throughout the range on the first day of bookbuild.
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Ineos, the Swiss-registered chemical company, has cut pricing on its €1.4bn loan after increasing the facility, a move that investors seem to have taken in their stride.
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Auto Trader today opened the book on its London listing, as the firm’s private equity seller Apax aims to raise up to £1.25bn from the offering.
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The European Stability Mechanism will open books on Tuesday on what SSA bankers believe will be the first euro benchmark issuance to carry a negative yield.
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Ineos, the Swiss-registered chemicals company, has brought forward the deadline for its bond-to-loan refinancing, after nearly doubling the size of the deal on Friday.
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The euro senior market was off to a quick start on Monday, with Allied Irish Banks and Deutsche Bank opening the market with five and 10 year deals.
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Korea’s Woori Bank (WB) is due to sign a $500m multi tranche financing this week. The self arranged club loan is paying banks razor thin margins.
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State Bank of India (SBI) is slated to launch a share sale in the week of March 16 that will raise between $2.0bn-$2.5bn, making it the largest ECM transaction to come out of the country since Coal India’s Rp226.13bn ($3.7bn) block deal.
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