Bank of America
-
KT Corporation made a solid landing with its first fixed rate dual tranche transaction on Tuesday night. The issuer printed $1bn and was able to price inside its existing curve despite a less than ideal market backdrop. -
A survey published by Bank of America Merrill on CFO's outlook for 2014 in Asia saw a growing share of respondents expecting a rise in revenue compared to last year but worries about external macro-economic factors mean this is not expected to lead to greater profits.
-
JP Morgan has promoted Bo Zethraeus to head of investment banking for Sweden, replacing Johan Lustig, who has gone to run global corporate and investment banking for the Nordics at Bank of America Merrill Lynch.
-
Dollar regular KT Corporation launched a dual tranche bond on Monday after getting a solid response from investors during its recent roadshow. Although it is the third time that the Korean telecommunications company is selling a dual tranche deal, the new issue will be its first to comprise fixed rate notes.
-
Turkish Bank Garanti Bank gathered a $5.5bn book for its $750m October 2019s on Thursday and used the demand to price the note flat to its curve.
-
Another blowout deal from an Indian credit took place this week as State Bank of India’s return to the dollar market saw orderbooks six times oversubscribed for the dual tranche offering. Proving India’s outlook is still on the up, the issuer printed well inside its existing curve.
-
Korea Resources Corporation will be meeting with investors for a potential dollar issue as the fundraising season kicks off again for industrial names.
-
A quiet first quarter of FIG issuance from Latin America has drawn the region’s banks into a bond market that has delivered tightly priced bonds, said bankers. Santander Chile and Brazil’s BNDES benefited this week, with BNDES’s deal of particular encouragement to other Brazilian bank issuers, according to DCM bankers in the country.
-
-
-
Greece vanquished fears that its return to the capital markets on Thursday could be a Trojan horse full of fast money, with a deal that attracted a majority of real money investors and more than 90% international participation. Around 600 accounts filled an over €20bn book in just one hour, causing one lead manager to declare the deal a “gold rush”.
-
Six bank and finance names raised $14.5bn in the space of three days, boasting bulging order books and minimal new issue concessions as investors scrambled for extra yield.
