Bank of America
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Abengoa, the Spanish renewable energy and engineering firm, has allocated a €1.4bn refinancing loan, after issuing a €500m green bond last week. -
Malaysia’s RHB Bank returned to the dollar bond market by pricing a $300m five year on September 29 following a two year absence. The decision to tap the market during a volatile week was a surprise to many, but the bank was still able to meet its aggressive target.
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CGN Power is set to tap the market in the wake of the successful pricing of a Hong Kong IPO for its subsidiary CGN Meiya Power Holdings. The company has started investor education ahead of a planned $2bn listing.
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Malaysian lender RHB Bank is back in the dollar market following a two year absence, opening books to a $300m bond on September 29.
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US investment grade bond investors drove demand for Mexican retailer Puerto de Liverpool’s debut international bond issue on Thursday, said bankers close to the deal. This helped the borrower to raise $300m on what one DCM banker called the worst day of trading of the year so far.
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With CGN Meiya Power Holdings finishing its Hong Kong IPO this week, parent CGN Power is now set to tap the market. The company has started investor education ahead of a planned $2bn listing.
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The expected wave of merger and acquisition financings broke on the US corporate bond market this week, as Roche and Sysco made triumphant returns while Suntory Holdings issued its first US bond.
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Virgin Media, the UK cable television, broadband and mobile phone company, substantially reduced the cost of its debt on Tuesday, as it priced $500m and £300m of senior unsecured notes.
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Dollar demand for sovereign, supranational and agency names made its first signs of slowing this week, as one benchmark fell short of full subscription and other deals, while still oversubscribed, showed signs of demand being less exuberant than in the first weeks after the summer break.
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Orange, the French telecoms company, showed the potential of the hybrid capital market for financing mergers and acquisitions on Wednesday, when it raised €3bn towards its €3.4bn acquisition of Jazztel, the Spanish cable and mobile company, just eight days after announcing the bid. Orange did not use a bridge loan for the deal.
