Barclays
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Conditions across both euros and dollars are as healthy for public sector borrowers as they have been for several weeks and, while issuance was low this week, bankers are confident that volumes will grow.
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Korea National Oil Corp (KNOC) has made a successful return to the dollar bond market, with the recent sovereign credit rating upgrade allowing the borrower to enjoy a strong investor reception. Not only was it able to raise more than planned, but KNOC also priced the new bond inside its existing curve. -
A $145m loan backing the Blackstone Group’s acquisition of the Indian business process outsourcing (BPO) operations of the Serco Group is likely to launch this week.
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Weichai Power has opened books for its debut offering which will also be the first under new Chinese rules for offshore bond issuance that were released last week.
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Ashok Leyland is seeking to list its commercial vehicles financing arm, Hinduja Leyland Finance, in an IPO expected to raise around $100m, according to sources close to the transaction.
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A German agency is set to bring the second dollar benchmark from an SSA this week — quadrupling the number of such deals in September so far.
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The UK Debt Management Office was this week able to print an increase of its 2068 linker at the tight end of guidance.
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Vallourec, the French tubular solutions company, has signed a €400m four year revolving credit facility to replace bilateral loans of the same amount.
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Korea National Oil Corp (KNOC) opened books for a new ten year bond on Tuesday, in what will be its first debt sale of the year.
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Indian conglomerate Reliance Industries has picked a big group of banks for refinancing a $1.5bn loan raised three years ago.
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Agricultural Bank of China (ABC) is planning a roadshow in September for the world’s first offshore renminbi green bond that will be part of a multi-tranche deal. The trade scheduled to price ahead of president Xi’s visit to London in October and is one of a number of upcoming Chinese bonds aimed at the UK.
