Bank of America
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Kookmin Bank opened books for its second dollar deal this year on Monday. The three year bond comes as Korean borrowers issued a record volume of G3 debt during the first half of 2014. -
Construction firms Jaiprakash Associates and GMR Infrastructure took advantage of a buoyant Indian equities market by raising Rs15bn ($250m) each on July 3 via qualified institutional placements.
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China National Gold Corporation is meeting investors next week to discuss its proposed dollar bond. The borrower has issued a number of renminbi bonds in the domestic market but this will be its first international offering.
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International Finance Corp made a quick start to its funding year this week, when it raised $3bn of five year money at a very tight level, just a day into its new funding programme. The borrower expects to pick up an increased amount of funding in non-core currencies this year.
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The Republic of Indonesia priced its debut euro-denominated bond on Thursday and was met with overwhelming demand from yield hungry investors. But bankers are now in a fierce debate about how much of a concession the borrower had to pay to secure its first euro trade — and whether it was worth it, writes Virginia Furness.
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Trade & Development Bank of Mongolia (TDBM) kicked off a series of fixed income investor meetings on July 3. The borrower, which sold a dim sum bond in January, is the only Mongolian credit to have tapped the international market so far this year.
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Institutional investors’ appetite for European leveraged loans may have passed its peak, after a second term loan ‘B’ in quick succession failed to attract the expected support this week, writes Ross Lancaster.
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Peripheral European borrowers are set to benefit from a lack of competing supply and red hot demand this month. Conditions are strong enough this week for Portugal to launch a dollar bond in the tricky 10 year maturity, despite troubles affecting one the country’s leading banks — plus a short benchmark execution window.
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DE Master Blenders, the Dutch coffee company, has shifted €1bn of its €7.5bn acquisition loan out of term loan 'B's and into an extra term loan 'A', as bank demand has proved stronger than expected, even outstripping that from institutional investors.
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Chilean copper company Codelco has mandated HSBC, Deutsche Bank and Santander to arrange a 10 year euro denominated bond, its debut in the currency. Investor calls are taking place on Tuesday for the deal.
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Aluminium manufacturer China Zhongwang Holdings has allocated its $500m three year facility, which saw 14 banks joining in syndication.
