Bank of America

Tata Steel closed its first international bond on Thursday, July 24, as it looks to refinance loans from its 2008 acquisition of Corus. Despite pricing on a day when the Indian high yield sector saw $2.4bn of new issues, the trade nonetheless pulled in bids worth $9.1bn.

Play, the Polish wireless telecoms firm, is looking to raise €415m through a payment-in-kind toggle bond.

ICBC priced the first syndicated offshore renminbi bond to be issued by its Sydney branch on Tuesday. The 1.5 year and three year dual trancher, which 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.

Colombian infrastructure development bank Findeter (Financiera de Desarrollo Territorial) will begin a roadshow on Thursday more than 18 months after it told GlobalCapital it was planning its debut international bond issue.

Conan Tam, a managing director in UBS’s DCM syndicate desk, has been snapped up by Bank of America Merrill Lynch to take up the newly created role of head of greater China debt capital markets.

ICBC opened books for the first syndicated offshore renminbi bond to be issued by its Sydney branch on Tuesday. It comes as Beijing looks to designate an official RMB clearing bank for Australia’s largest city by the end of this year.

Craig Coben and Mary Ann Deignan have been appointed co-heads of Bank of America Merrill Lynch’s equity capital markets business globally.

Even as geopolitical risks caused spikes in volatility and many in the European FIG market headed off on holiday, Virgin Money Holdings opportunistically placed a £160m perpetual non-call five year additional tier one (AT1) deal, bringing in an oversubscribed book and highlighting that issuers can still tap the market at attractive levels.

Paraguay (Ba2/BB/BB-) will begin fixed income investor meetings on Tuesday as it plans its second ever international bond issue to finance infrastructure and energy projects.

Tata Steel raised $1.5bn with its inaugural transaction on Thursday, as it looks to refinance loans incurred as a result of its $13.1bn acquisition of Corus in 2008. Despite pricing on a day when almost $2.5bn of new issues was injected into the Indian high yield arena, the trade nonetheless pulled in bids worth $9.1bn.

Speculative grade debt has been hoping to polish up its image for some years now. US regulators want to make sure we remember it has warts but it doesn't need to scare us off.

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