Barclays

Turkish consumer products company, Yasar Holdings, printed its $250m bond on Thursday evening from a book of $620m and well inside initial price thoughts. The success of the EM high yield deal — the first to be printed since the huge US volatility of a fortnight ago — bodes well for other corporates from the region roadshowing bonds.

The US investment grade corporate bond market barely blinked this week when the US Federal Reserve called time on quantitative easing. Companies hit the market ahead of what is expected to be a bumper November for new issuance.

Styrolution, the German plastics firm, will allocate its €1.05bn-equivalent five year term loan ‘B’ on Friday, after successfully meeting its revised deadline for commitments.

Turkish consumer products company, Yasar Holdings has released price guidance at a yield of 9% to low 9% for a $250m 5.5 year non-call three bond. The high initial guidance drew attention from syndicate officials away from the deal who said that the note would serve as a test of investor appetite for EM high yield names.

UBS has made a senior appointment to its leveraged finance team in Hong Kong, hiring a banker from a rival lender to head its leveraged capital markets for Greater China.

Hutchison Whampoa showed off its impeccable access to bond markets, rewriting the record books and selling $5.4bn worth of dollar and euro bonds on October 28 in what is the largest corporate offshore deal to come out of Asia ex-Japan.

GTech, the Italian gambling technology firm that used to be called Lottomatica, has slimmed down its $10.7bn bridge loan for its acquisition of International Game Technology of the US to $10.2bn.

Barclays’ drive back to health is on track – but its investment bank is a shrinking part of the story. That was the message of the bank’s third quarter results this morning, which produced a 1.5% pop in the share price at the open, soon eradicated as Barclays fell in line with the wider market.

Barclays has named Jiho Kim as country manager for Barclays Korea. The appointment comes after the former country manager, John Chang, moved to Hong Kong to head Barclays' equities distribution for Asia Pacific.

Slovenia on Tuesday was able to ratchet in pricing on a long seven year benchmark — which is for pre-funding — by 15bp from the initial price thoughts level to price with a new issue concession of just 4bp.

Israel Electric has mandated Barclays and Citi to arrange a dollar bond. Investor meetings are taking place in Europe and the US on Monday and Tuesday.

Hutchison Whampoa showed off its impeccable access to bond markets today by selling dollar and euro bonds in the same day, and raising $5.4bn with heavily oversubscribed books.