Bank of America
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Overseas-Chinese Banking Corporation is looking to issue the second US dollar Basel III-compliant tier two bond from a Singaporean bank after UOB printed a $800m bond in March. -
Bank of America Merrill Lynch has made a double hire from Deutsche Bank, adding Adrien de Naurois and Hiren Gudka to its SSA team.
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Tullow Oil, the UK company that explores for oil in Africa, is planning to price a $500m high yield bond on Thursday.
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Singapore’s Oversea-Chinese Banking Corp, which announced on April 1 that it had made an offer to acquire Wing Hang Bank, is set to fund the HK$38.4bn ($4.95bn) acquisition with a loan provided by three banks.
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Latin American borrowers are rushing to the bond market to take advantage of strong new issue conditions. Four deals were printed on Tuesday. Bankers say there is no sign of indigestion yet as several companies line up potential debuts.
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Shinhan Bank printed a $500m three year bond Wednesday night as a warm response from US investors helped the issuer to price tight to its comparables.
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Lippo Karawaci is looking to make a return to the dollar market with an eight year offering as Indonesian names start to fill up the pipeline.
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Shinhan Bank launched a three year US dollar offering on Tuesday as issuers start to return to the bond market following the March blackout period.
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China Merchants Holdings International will offer HK$15.3bn ($1.97bn) worth of mandatory convertible securities to its existing shareholders in a deal that could improve the company's credit rating.
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The Islamic Republic of Pakistan will be meeting with investors this week and next as it looks to make a potential dollar offering.
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Several well oversubscribed, dollar denominated deals proved the bullish predictions of DCM bankers right as investors sought yield in a region that has been light on new issuance.
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Anheuser-Busch InBev, the Belgian-US brewing company, on Wednesday joined the spate of large companies issuing multi-tranche deals into the present super-hot euro corporate bond market. Its deal was marked by two current trends: the popularity of floating rate notes and of 12 year bonds.
