Bank of America

Abengoa issued €500m-equivalent of senior unsecured green bonds on Wednesday, pricing them wider than expected, owing to what one lead banker called “a weak market”.

Acquisitions announced on Monday by Siemens, Merck and Arkema marked the continuation of a wave of European investment grade acquisitions, with varied outcomes for syndicated loan financing.

Coal distributor Earth Energy is looking to become the first Thai borrower to issuer an offshore renminbi bond and met investors in Asia during the week of September 22 for a proposed Reg S deal.

A Japanese lender has joined the eleven leads on Tata Steel’s multi-currency jumbo fundraising and three to four more banks are expected to come in before the loan goes into general.

Oil rig maker Honghua Group made its inaugural issue in international markets on Thursday, September 18. Having opted for the Reg S /144A format to tap into the US investor base, the Chinese company pulled in an impressive $1.4bn order book for the $200m five year non call paper.

Reliance Jio Infocomm, the telecoms subsidiary of Indian conglomerate Reliance Industries, opened its $1.5bn dual facility refinancing loan for general syndication on September 19, with a mandated lead arranger and bookrunner group of 15 banks.

Japanese brewer Suntory Holdings left a solid footprint in the dollar market with its inaugural issue on Wednesday. With books for the RegS/144A $1bn dual tranche issue already covered during Asia trading hours, dealers proceeded to push final pricing 20bp tighter than where investor feedback came in.

Investors expect retailer Puerto de Liverpool to continue Mexican issuers’ good run in the bond markets after the company indicated initial price thoughts of 150bp-175bp over US Treasuries for a debut 10 year bond.

Brazilian cement company Cimento Tupi is aiming to price an expected add-on of $50m to its existing 2018 notes this week subject to market conditions, according to a banker working on the deal. B/B rated Tupi will wrap up a roadshow in Switzerland on Thursday.

Orange, the French telecoms company, showed the potential of the hybrid capital market for financing mergers and acquisitions today, when it raised €3bn towards its €3.4bn acquisition of Jazztel, just eight days after announcing the bid. Orange did not use a bridge loan for the deal.

Abengoa, the Spanish renewable energy and engineering firm, plans to sign a €500m-equivalent senior unsecured green bond imminently, as the company seeks to issue debt that reinforces its environmentally-friendly image.

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.