Bank of America
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Colombian infrastructure lender Findeter (Financiera de Desarrollo Territorial) confirmed that it plans to sell its debut international bond in global peso format this week, surprising bankers and sparking hopes of a revival in global local currency issuance.
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Landlocked South American sovereign Paraguay surprised some with its timing by issuing its second ever international bond on Monday. But though bankers away from the deal said the 30 year deal created a steep curve, others said the borrower’s strategy was spot-on.
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Latin American development bank Corporación Andina de Fomento (CAF) opted to return to the dollar market with a $1bn three year on Tuesday, opting for a fixed rate note rather than an FRN because it wanted to issue a large benchmark.
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Peruvian fishmeal and fish oil producer Corporación Pesquera Inca (Copeinca) has extended the deadline for bondholders to consent to changes in its indenture that will allow owner China Fishery Group more freedom over the company.
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Brazilian low-cost airline GOL Linhas Aéreas Inteligentes (GOL) has bought back $186.6m of dollar bonds, the company said.
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Cosmetics packager HCP Global is targetting a US syndication for a $380m financing, banking on a strong reception from a market that is happy to invest into cov-lite deals. The facility is split into three facilities and has three banks at the top level.
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Even as geopolitics caused volatility, and many in the European FIG market took their summer holidays, Virgin Money Holdings took the opportunity to sell a £160m perpetual non-call five year additional tier one deal, bringing in an oversubscribed book and highlighting that issuers can still tap the market at attractive levels.
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Internal moves into Deutsche's SSA syndicate — Barclays hires BAML levfin banker — All change at JP Morgan ECM — StanChart makes switch to replace Nelson
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Two Latin American borrowers will test new issue conditions next week in a bond market that DCM officials said is showing signs of “correcting itself” after a prolonged rally.
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ICBC priced the first syndicated offshore renminbi bond to be issued by its Sydney branch on July 29. The 1.5 year and three year dual trancher, which the issuer wants to list, will be listed on the Australian Securities Exchange (ASX), marks an important first step for ICBC Sydney as Australia’s status as an offshore RMB hub grows.
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China’s Rundong Automobile Group opened books for a HK$1.1bn ($138m) Hong Kong IPO on Thursday, in a deal that is being offered at a big discount to some of the issuer's closest comparables.
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John Wade, who left Royal Bank of Scotland in February this year just before the bank announced a restructuring, has resurfaced at Natixis as head of syndicate and MTN desk for Asia Pacific.