Bank of America
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Noble Group, a supplier of commodities, was expected to send out term sheets to its relationship banks for a borrowing of $3bn on March 6. -
The term loan portion of MMI International’s $580m five year borrowing opened into general syndication this week.
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The tier two market rocketed back into action after a nearly two week hiatus on Wednesday, with Santander Issuances and KBC Group hitting the undersupplied sector and quickly building bumper books.
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Nordea took to the additional tier one market on Thursday for the second time, pricing the dollar Reg S portion of a triple tranche transaction at the joint lowest coupon seen in the asset class.
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Berkshire Hathaway, the investment company controlled by Warren Buffett, became the latest US company to come to the euro bond market when it priced a €3bn three tranche deal on Thursday.
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Jaguar Land Rover, the UK premium car maker, has dipped for the second time in two weeks into a high yield market awash with demand, leading to lower funding costs.
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Loh Boon Chye, head of Asia Pacific global markets and country executive for Singapore and southeast Asia at Bank of America Merrill Lynch, has left the bank, according to an internal memo seen by GlobalCapital Asia.
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Malaysia’s state oil company Petroliam Nasional (Petronas) is gearing up to issue its first dollar sukuk in almost six years, having mandated five banks to run a series of roadshows in Asia, Europe and US.
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Axis Bank successfully returned to the dollar market with a $250m tap to its existing 3.25% 2020s. The deal saw such strong demand that the issuer was able to scale up the size while pricing it slightly tighter than the original deal.
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French energy company GDF Suez has issued €2.5bn of bonds in four fixed rate tranches, of two, seven, 11 and 20 years, with small new issue premiums.
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Emirates NBD has mandated six banks for a European roadshow starting next week, bringing hope that the bank will print a breakthrough euro trade.
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The tier two market rocketed back into action on Wednesday, with Santander Issuances and KBC Group hitting the undersupplied sector and quickly building bumper books.
