Bank of America
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Axis Bank has begun taking orders for a $200m tap to its existing 3.25% 2020s issued last year. While the deal is not driven by reverse enquiry, bankers were confident about going ahead as they had good visibility on what accounts would want to come into the trade.
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Banks are lining up to finance Cheung Kong Property’s HK$55bn ($7.1bn) loan, leaving the door open to the possibility of a further thinning in pricing.
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Ineos, the Swiss-registered chemicals company, has set price guidance on its €750m refinancing loan in dollars and euros, slightly ahead of Tuesday’s 2pm lender call.
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Mitsubishi UFJ Lease & Finance Company printed its first dollar bond of the year on Monday, managing to price it flat to the existing dollar curve due to strong demand.
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Boon Chye Loh, 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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Three chunky equity block trades were launched this evening – in Safran, Merlin Entertainments and Veolia – after all three companies’ shares had hit 52 week highs today.
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Delphi Corp, the car parts manufacturer spun out of General Motors in 1999, issued its first euro bond on Monday, a €500m 10 year.
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Ineos, the chemicals company now registered in Switzerland, has hired five banks to arrange its €750m refinancing project to replace bonds with term loans.
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The wave of US companies issuing bonds showed no signs of breaking this week, as Michigan-based breakfast cereal and snack maker Kellogg led the charge on Monday.
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Mitsubishi UFJ Lease & Finance Company has opened books to its first international bond of 2015, having taken comfort in the fact that fixed income investors in five Asian cities view the Japanese credit with a safe haven status.
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Abengoa, the Spanish construction and concessions company, has made a further step to capital markets rehabilitation, by issuing a $279m exchangeable bond, into shares of its affiliate Abengoa Yield.
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Moody’s issued a €500m 12 year bond on Friday, its first in euros, crowning a week in which US issuers dominated the European bond market.