Barclays
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Abu Dhabi's Mubadala has tightened the margin on its $1.75bn three year refinancing, despite the price on the original loan already being “eye-wateringly low”, according to one banker. -
Aspen Pharmacare Holdings, the largest drug manufacturer in South Africa, has nearly completed syndication of a large dollar loan, according to bankers.
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Irish airport authority DAA returned to the European investment grade corporate bond market after an eight year absence on Wednesday, as it tapped the long end with a €400m 12 year bond.
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Imperial Capital Group, an investment bank, has made three hires from Barclays and Bank of America Merrill Lynch for its emerging markets sales and trading group.
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Three Russian corporates are looking to hammer out deals in the wake of the sovereign’s return to the bond market last week. All are refining their debt profiles with a combined buyback and new offer.
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The CEEMEA bond market is in full flow as issuers jump in ahead of the FOMC meeting, Brexit vote and Ramadan. Two issuers are out with initial price thoughts and a string of others have mandated for new bonds.
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Insurance firm Delta Lloyd has agreed its first revolving credit facility for €600m but the borrower has no immediate plans to draw on the facility, according to the Dutch firm’s chief financial officer.
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Asia’s oldest bourse, the Bombay Stock Exchange, is planning to sell 30% of its share capital in an IPO by the end of the financial year, according to a notice to shareholders.
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Supranationals were able to take €8bn out of the long end of the euro curve this week amid another week of demand for duration, but the deals arguably suggest the strength of that interest could be waning, said bankers.
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A pair of issuers reopened the 10 year part of the dollar curve for sovereigns, supranationals and agencies this week, but despite both trades gaining plaudits there is still scepticism over whether a $2bn-plus sized deal is possible.
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Italian energy company Enel on Thursday completed a €1.26bn exchange offer that strengthened the return of debt-backed tender offers in the European corporate market.
