Banks

Tottenham Hotspur, the north London football club, is considering selling US private placements to partly pay off bank loans generated by the construction of its new stadium, several market participants have said. Unlike their US equivalents in the NBA and NFL, professional clubs from the UK are a rarity in the market, as the threat of relegation makes them too perilous an investment to some investors. Silas Brown reports.

Just two Asian borrowers visited the international debt market on Monday, raising nearly a combined $800m ahead of the public holiday on May 1.

Semiconductor Manufacturing International Corporation (SMIC), a Shanghai-based chipmaker, returned to the Panda market on Monday with two 180-day notes, raising Rmb1.5bn ($223m) in total.

Duiba Group has completed its second attempt at listing on the Hong Kong Stock Exchange.

MUFG has named veteran Taiwanese banker Randy Hung to run its Taipei-based global corporate banking team.

Indonesia’s Chandra Sakit Utama Leasing (CSUL) has launched a $75m offshore loan into general syndication.

Indomobil Finance Indonesia has paid up for its offshore loan return for a new $100m three year borrowing.

Manulife US Real Estate Investment Trust (Reit) has concluded its placement of new units on the Singapore Exchange.

Dometic Group, the Swedish company that makes appliances for mobile homes, started the week by launching a €250m seven year high yield bond that was tightly priced, perhaps partly because the credit market was otherwise fairly quiet.

Goldman Sachs has hired Sushil Krishan, a UniCredit banker, for its team covering equity derivatives solutions, GlobalCapital understands.

JP Morgan is marketing a single-B rated high yield bond to fund the acquisition of developer CG Gruppe by Consus Real Estate, a further sign that the bond market is wide open and keen to take down more aggressive, highly levered deals.

The Inter-American Development Bank rattled through the sterling bond market on Monday, raising £500m in a market demanding nimble issuance strategies.