Banks
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Chinese chemical company EcoGreen International Group has returned to the offshore loan market after a three year break for $150m. -
Neil Tu, a vice president on CICC’s equity syndicate team, left the Chinese investment bank this week.
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SK E&S, a South Korean energy company, has raised HK$11.55bn ($1.49bn) by selling most of its shares in China Gas Holdings near the top of the marketed range.
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Citi has announced a host of country-specific relief measures for some of its Asia Pacific clients impacted by the Covid-19 pandemic, including fee waivers for loan extensions and the option to restructure borrowings.
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The chief financial officer of Banco Santander México told GlobalCapital that the lender had decided to get ahead of a possible surge in demand for credit by issuing the largest ever bond by a Mexican bank on Tuesday.
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High quality Yankee issuers showed their spirit of adventure by printing front-end trades this week, returning to a part of the curve that has been starved of supply since the start of the coronavirus crisis.
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The World Bank's treasury team has had a busy week, raising almost $15bn in three days, including the largest ever SSA dollar benchmark on Wednesday.
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German chemicals and consumer goods firm Henkel cleaned up in Swissies after a 24 year absence this week, while local company SGS ventured out further along the maturity curve.
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BNP Paribas and Crédit Agricole enjoyed the best of conditions as they reopened the market for non-preferred senior bonds from eurozone banks this week, but Société Générale ran into market turbulence when it emerged a day later. Bankers said that showed that demand for the instrument remains limited.
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The euro high grade corporate bond market was noticeably calmer this week, but deals for issuers as diverse as Telstra, American Honda, La Poste and Givaudan saw chunky books and shrinking new issue premiums.
