Bank of America
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Bangkok Dusit Medical Services Public Company launched a Bt10bn ($311m) zero coupon convertible bond on Wednesday night, pitching the deal to investors with yield guidance of 1.50%-2.00%. -
After a botched deal in January, China’s Powerlong Real Estate Holdings is back in the dim sum market, opening books for a Rmb1.5bn ($244m) three year paper on September 10. Gone is the issuer’s previously aggressive approach to pricing: the new deal is coming at a huge discount to its existing curve.
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Oil rig maker Honghua Group is looking to make a debut in international markets. The Chinese company will be kicking off investor meetings for a proposed Reg S/144A dollar offering this week.
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India’s Tata Communications is to meet investors for what would be the borrower’s inaugural bond in the dollar market.
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Andres Esteves’ BTG Pactual will aim to become the second Brazilian bank to issue a Basel III compliant tier one perpetual bond when it completes a roadshow on Wednesday.
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LatAm DCM bankers said Ecopetrol’s timing was unfortunate as the Colombian oil company sold a long 10 year bond on a difficult Tuesday in markets. However, Mexico’s Midas touch was enough to see petrochemicals company Mexichem obtain what bankers judged to be a better received deal.
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Alfa Bank Russia still intends to come to the international bond market with a dollar subordinated Eurobond in the next two months, despite the worsening headlines around Russia and Ukraine.
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The subordinated debt market for European financials was back in full swing with four deals out on Monday morning boosted by the European Central Bank's policy decisions made last week.
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Deutsche Lufthansa, Germany’s national airline, launched its first bond today since 2009, at the remarkably tight spread of 75bp over mid-swaps – showing just how valuable a loyal following of domestic investors can be.
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Australian gaming products maker Aristocrat Leisure is eyeing the US market for a $1.3bn seven year senior secured term loan. The company plans to use the money to fund its acquisition of US gaming operator Video Gaming Technologies and to refinance debt.
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Aluminium products manufacturer China Hongqiao Group raised HK$1.71bn ($220m) from a top up placement on Thursday night, with the deal driven by the need to improve liquidity of the shares.
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