Banks

The Republic of Ghana has released price guidance for a dollar amortising triple tranche bond, including a deal with a 40 year weighted average life — the longest ever from a sub-Saharan African issuer, according to a lead manager on the note.

Chinese biotechnology firm Akesobio has resubmitted its IPO documents with the Hong Kong Stock Exchange, two months after the bourse rejected its original listing application.

Cranfield University, a UK postgraduate institute which specialises in science and engineering, is looking to raise debt through a private placement, according to two sources familiar with the situation.

Germany's Accentro Real Estate, a socially responsible residential property privatisation company, has mandated banks for a potential euro bond at the same time as launching a tender offer for old notes.

The European Investment Bank will bring the first dollar deal from a public sector borrower following the extended Lunar New Year holiday, with SSA bankers expecting plenty more supply to follow in the currency.

United Utilities Water hit screens with a £250m no-grow 18 year bond on Monday, with sterling issuers finding a warm market despite the UK having officially left the EU last week.

Credit Suisse has started general syndication of more than $5bn of debt funding EQT and Digital Colony’s acquisition of Zayo, one of last year’s largest LBOs. The dollar market will take the lion’s share of the acquisition loan, with $4.235bn of first lien on offer, but even the euro tranche is substantial, at $825m-equivalent.

Cassa Depositi e Prestiti will come to market on Tuesday with a 10 year euro benchmark financing social housing projects in Italy.

Volkswagen Financial Services hit the sterling market on Monday, with the issuer seeming to print at a low single digit new issue premium as the primary market remains heavily weighted in favour of borrowers.

The Republic of Finland and the State of North Rhine Westphalia hired banks on Monday to prepare syndicated bonds at the long end of the euro curve. Yields of eurozone haven assets remain compressed while fears of the coronavirus outbreak intensify.

The UK's Golding Homes has signed credit facilities totalling £120m, as one of the southeast's biggest social housing providers looks to develop hundreds more homes in the region.

The Republic of Poland pulled in €6bn of orders for a five year benchmark bond on Monday, with the issue four times covered as coronavirus fear still ripped financial markets.