Bank of America

Property manager Colour Life Services Group started marketing its HK$1.15bn ($148m) IPO on Tuesday, in a deal that was fully covered by anchor orders.

Coventry Building Society is out with its innovative debut additional tier one, looking to raise £400m in deeply subordinated capital that would convert to equity-like core capital deferred shares (CCDS) that won’t exist unless the building society’s common equity tier one ratio falls below 7%, according to investor materials seen by GlobalCapital.

The reputation of Liberty Global and Discovery Communications played a decisive part in mitigating lenders' concerns about All3Media's credit quality to secure the television production company a £400m-equivalent loan deal, loans bankers said.

Commercial Bank of Qatar priced its first dollar deal in more than two years flat to its existing curve on Tuesday after attracting more than $3bn of demand.

The International Capital Markets Association is trying to help foster a pan-European private placement market, but bankers are cautions about the market and do not expect it to make up a big part of their business, they have told GlobalCapital.

Bank of America Merrill Lynch has agreed to underwrite the entire $16.3bn of debt backing Medtronic’s $42.9bn cash and stock takeover of Irish medical technology firm Covidien.

The reputation of Liberty Global and Discovery Communications played a decisive part in mitigating lenders' concerns about All3Media's credit quality to secure the television production company a £400m-equivalent loan deal, loans bankers said.

Credit Suisse and ING both hit the senior market with new issues on Tuesday drawing hefty order books for euro deals. While Credit Suisse offered a juicy premium to guarantee success, ING was able to gather almost as many orders at what bankers away from the deal saw as a tight level.

Far East Horizon (FEH) printed Asia’s second dollar corporate hybrid in less than a week on Tuesday. With investors thirsty for yield in the current low rate environment, the small sized print had attracted a mind boggling order book that allowed the issuer to aggressively tighten final pricing to well under expectations.

Coventry Building Society, which on Monday began a roadshow for a sterling denominated additional tier one, is set to become the first issuer of AT1 bonds that will convert to an equity-like instrument that have not yet been issued.

Chinese property manager Colour Life Services Group opened books for its $148m Hong Kong initial public offering on June 17, in a deal which was fully covered by anchor orders even before bookbuilding launched.

Bank of America Merrill Lynch is set to price a blowout dual tranche senior euro bond on Monday afternoon, offering what bankers away from the deal see as healthy new issue premiums and adding to a busy year so far for US issuers in euros.