Bank of America
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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. -
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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The State of North Rhine Westphalia crowned a week of dollar issuance with a return to fixed rate benchmark issuance in the currency after a near four year hiatus. The move came in a week when more frequent issuers were able to attract demand even at very tight levels.
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The Republic of Korea returned to the euro market for the first time in eight years on Tuesday, pricing a $2bn equivalent dual tranche trade that included a dollar leg. Bringing its first ever 30 year bond, the sovereign was able to create one of the flattest dollar curves of its peer group. But having been away from euros for so long, it was prepared to leave some money on the table for that tranche if needed, writes Isabella Zhong.
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CMB HK makes dollar debut with three year — KEB rides RoK tailwind — MCC puts dollar return on drawing board — HK Huafa seeks offshore RMB debut
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The Asian syndicated loans industry is bracing itself for the return of Indian power companies, with Khopoli Investments, National Thermal Power Corp (NTPC) and Power Finance Corp looking to tap the market for a combined $705m.
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China’s Tianhe Chemicals Group launched its HK$6.34bn ($818m) IPO on June 3, but investors will have to work hard to figure out fair value as there are no direct comparables for the Liaoning-based firm.
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BBVA returned to the covered bond market for the first time in more than a year on Wednesday with a 10 year Cédulas that attracted 115 investors into the book. The coupon paid was the lowest ever for a 10 year in the history of the Spanish market.
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The Republic of Korea returned to the euro market for the first time in eight years on Tuesday pricing a dual tranche trade that also included a dollar leg. Out with its first ever 30 year bond, the sovereign was able to create one of the flattest dollar curves among its peers. However, it was happy to leave some money on the table for the euro tranche having been away for so long.
