Barclays
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Mining company Petra Diamond is planning to price a $300m high yield bond debut on Wednesday afternoon. -
China Energy Reserve and Chemicals Group raised $200m from its inaugural bond with the issuer choosing to pay up to compensate for a lack of credit rating. The tactic was effective in getting the deal done although observers say the bond’s subsequent secondary market performance meant it might have paid over the odds.
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Sweden has mandated banks to run a benchmark in dollars, taking advantage of a clear window of issuance in the currency this week because of holidays in Japan.
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DP World, the container ports group, is roadshowing a dollar benchmark conventional bond issue this week via Barclays, Citi, Deutsche Bank, Emirates NBD, HSBC, National Bank of Abu Dhabi and Société Genérale.
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State owned China Energy Reserve and Chemicals Group is venturing out to the dollar bond market for first time in history, opening books to a three year deal on May 5.
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Royal Dutch Shell signed a £10.1bn bridge facility on Friday that will back its acquisition of BG Group. The loan replaces the £3bn facility arranged when the deal was announced on April 8.
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NH Hotel Group, the Spanish hotel chain, has pulled its €200m senior unsecured bond issue.
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This week’s sharp Bund sell-off has shone a revealing light on the European public sector bond market’s dwindling support and growing execution risk, writes Craig McGlashan.
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A nervous tone in the FIG market has already crushed Banco Popolare’s hopes of printing tier two before its quarterly results, and conditions could be just as tough next week.
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