Bank of America
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Hyundai Capital Services priced a three year floating rate note through its existing curve on Tuesday. Dealers waited until the US markets opened to announce final price guidance which was in keeping with the issuer’s objective to focus on US investors.
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Online retailer Vipshop Holdings got a rousing reception for its debut in the equity-linked market on Wednesday, raising $550m from an enlarged five year non put three convertible bond as investors remain hooked on the China tech story.
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Hyundai Capital Services has returned to the international market with a three year floating rate note bond.
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Aluminium manufacturer China Zhongwang Holdings is seeking a $500m three year loan, expected to launch into syndication this week via a group of six banks.
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Matomy, a digital marketing firm based in Israel, launched a London IPO on Monday, giving encouragement to the UK's aim to bring more technology listings to the country.
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Investors who missed out in the scramble for allocations on the heavily oversubscribed high yield bond issue from Obrascon Huarte Lain last week could shortly be given a second chance to buy into the Spanish infrastructure sector, with the announcement of a roadshow for Grupo Isolux Corsan.
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Bankers said the Mexican high yield market had overcome last year’s homebuilders crisis and was open to new deals after BB rated financial Credito Real’s latest bond performed well in the secondary market. Moreover, a fraud investigation into oil services company Oceanografia is unlikely to have a broader effect on the Mexican high yield market.
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Shinhan Bank is to commence a series of investor meetings on Thursday. Bankers say that a 144A/Reg S transaction may follow.
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Chinese theme park operator and developer Haichang Holdings priced its $316m IPO in the middle of the indicative range, amid volatile markets and highly price sensitive investor demand.
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Paul Richards, co-head of EMEA corporate banking and DCM at Bank of America Merrill Lynch, is planning to retire from the industry after 28 years at the firm.
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State Bank of India has decided to increase the size of its loan to $420m from the original $300m, after 14 banks jumped on the transaction. But with a general launch still planned, it is likely to increase even further.
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Banco Santander Chile sold the first Kangaroo bond from a Latin American financial on Thursday, but bankers away from the trade were disappointed with the small deal size. They said the short maturity limited investor interest, though another source argued that the deal did attract a diverse order book.