Banks
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US telecoms giant AT&T has historically used the sterling corporate bond market for longer dated issuance. However, on Thursday, it sold an eight year deal in the currency – its shortest tenor in sterling since 2009.
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US firm Medical Properties Trust has signed a €655m secured financing package as the real estate investment firm enters into a European joint venture with France’s Primonial Group.
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Amadeus, the Spanish IT company that provides systems for the air travel industry, sold its fourth deal in as many consecutive years on Thursday. The new deal was its first multi-tranche offering and the eight year tranche was the longest the company had offered to date.
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Latvia has completed its 2018 funding programme with a €350m dual tranche deal, picking up the rest of the cash it was unable to raise in May.
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Credit Suisse was able to rack up more than $8bn of demand for its additional tier one deal on Wednesday in the face of jittery equity markets, as Rabobank had done the day before.
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The Asian follow-on and block markets saw two transactions in Chinese healthcare names this week that raised a total of $250m.
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Nomura hires two in HK — Credit Suisse names north Asia syndicate head — StanChart appoints global commercial banking chief
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Two Chinese companies, Grand Baoxin Auto Group and Xinyi Glass, are tapping the offshore loan market for new financings.
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Hong Kong IPO hopefuls rushed to file their draft prospectuses with the city’s bourse this week, as the window closes for a launch before the end of the year.
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Chinese technology giant Xiaomi Corp, which recently floated in a landmark IPO in Hong Kong, is seeking lenders’ approval to slash the price on a $1bn loan closed last year.
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Qutoutiao and 111 have launched their respective IPOs on the Nasdaq this week, while Liulishuo has headed to New York for a listing.
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Two senior bankers have joined Nomura as managing directors on the China investment banking and Asian healthcare teams, according to two memos seen by GlobalCapital Asia.