Bank of America
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All3Media, the UK television programme producer, has signed a £400m-equivalent loan to back its takeover by Discovery Communications and Liberty Global. -
PTT Exploration and Production (PTTEP) opened the books for a perpeptual non call five dollar hybrid on Wednesday. An active player on the M&A front, the Thai borrower is opting for the structure to strengthen its financial position.
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GS Caltex Corp has opened guidance on a five year fixed rate bond and joins a number of Korean names in the market today bond issuance continues to ramp up.
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All3Media, the UK producer of television programmes, has raised an aggressive £400m-equivalent loan package backing its takeover by Discovery Communications and Liberty Global, but left market participants doubting that the deal had generated much enthusiasm among investors.
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With senior FIG spreads moving tighter following the announcement of rate cuts by the European Central Bank last week, Intesa Sanpaolo was able to benefit from the ensuing hunt for yield on Tuesday to draw a hefty order book. In contrast, Finnish bank Pohjola struggled to tighten pricing on a five year senior print, though the UK’s Bupa benefited from its rarity to breeze through a sterling print.
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Kookmin Bank will be meeting investors next week and the week after for a proposed international bond.
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Mobile network operator Idea Cellular raised Rs30bn ($507m) on June 6 in what was the third largest ECM trade in India so far this year.
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China Merchants Bank (CMB) Hong Kong branch made its dollar debut on Thursday with a $500m three year bond. After signing a new $5bn EMTN programme last week, the issuer was keen to establish its footprint in the market with the transaction and was met with a strong reception from investors.
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Thai oil and gas company PTT Exploration and Production (PTTEP) will be meeting investors next week for a corporate hybrid in a perpetual non call five structure. if successful The proposed transaction would be the first international deal to come out of Thailand since the country fell under martial law on May 22.
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Oversea-Chinese Banking Corporation has mandated banks to arrange a series of meetings with investors to discuss a new Basel III tier two offering, the bank’s second this year. But this time the borrower is firmly targeting investors outside Asia.
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Mobile network operator Idea Cellular launched a Rs30bn ($507m) primary placement on June 6 in what could be the third largest ECM trade in India so far this year.
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