Banks
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Luxembourg’s SES has refinanced its revolving credit facility, trimming at the margin of the €1.2bn deal as banks piled into the satellite operator’s transaction.
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Phil Lipton, a veteran banker who is a well-known figure in Asia’s syndicated loans market, has left HSBC, bringing an end to a 15-year career at the firm. Pan Yue and Rashmi Kumar report.
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A pair of emerging market banks placed MTNs this week. In Australian dollars, Banco del Estado de Chile printed a 10 year note on Tuesday, while on Monday, Qatar National bank placed short end dollar paper.
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Credit Suisse north Asia loan syndicate head exits — DBS loses loans banker — Maybank IB nabs ECM banker — SGX rejigs structure — CICC gets new chairman
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Country Garden seeks second borrowing in six months – UAF taps two banks for HK$1.6bn – Deutsche arranges $190m for Shangshi – Pakistan sovereign deal open – Malakoff woos banks to refi – IRFC pulls into Samurai market
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Standard Chartered debut sustainability bond was nearly seven times subscribed this week after socially responsible investors embraced a deal that gave opportunities to make impacts in emerging, rather than developed, markets.
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Chinese social media platform Weibo Corp raised $800m from its inaugural dollar deal, with the bond tightening by 10bp in the secondary market on Thursday.
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China International Marine Containers has launched its HK$2.14bn ($274m) spin-off of CIMC Vehicles on the Hong Kong Stock Exchange.
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Investors embraced the duration offered by Adani Ports and Special Economic Zone this week, snapping up its $750m trade and pushing the order book to a hefty peak of $4.5bn.
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Buzzi Unicem has returned to the Schuldschein market, looking for at least €100m of debt in four maturities. The pricing levels are tighter than on the Italian cement and concrete group’s debut Schuldschein in 2017. Bankers thought this was thanks to investors' growing familiarity with the borrower, as well as a rating upgrade from Standard & Poor's.
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Voltalia, the French renewable power producer, has launched a €376m rights issue to finance increased capacity, and has won a new investor in the European Bank for Reconstruction and Development (EBRD).
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Budweiser Brewing Company Apac will wrap up investor education and launch its much anticipated $5bn to $7bn listing on the Hong Kong Stock Exchange next week.