BNP Paribas
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Bristol-Myers Squibb has returned to the European bond market, issuing 10 and 20 year bonds to replace its existing euro bonds maturing in 2016 and 2021. -
UBM Group, the UK marketing and communications company, has signed a £400m five year revolving credit facility with its core relationship banks.
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Bristol-Myers Squibb held an investor call for a euro bond on Tuesday after its first quarter 2015 results announcement. The US pharmaceutical company completed a European roadshow just before Easter.
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Low-cost airlines VietJet Air has signed up three banks to co-ordinate a planned $200m-$300m IPO, with decisions about which exchange to list the shares still up in the air.
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BNP Paribas has made a new hire in its EM credit strategy team and promoted a member of its EM sales force to global head of local market credit sales.
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Crown European Holdings was back in the euro high yield market on Monday with a €600m deal that will be used to repay its US parent company’s term loan ‘B’.
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Online travel booking group Expedia has mandated three banks for a roadshow for its first euro bond, having previously issued only in dollars.
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Indonesian oil and gas company Pertamina has asked banks to review covenants on a loan it wrapped up in February, as future capital expenditure requirements might make it difficult for it to stick to the existing conditions.
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Indonesian port operator Pelabuhan Indonesia II (Pelindo II) made a splash with its inaugural outing in the international bond market, raising $1.6bn from a tightly priced dual-tranche offering split between 10 and 30 year trades.
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Korea Resources Corp (KoRes) successfully returned to the dollar bond market on April 23 with its safe haven status drawing solid demand. But the state owned enterprise shied away from increasing the size of the deal due to the government pressure to reduce debt.
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Chinese property developer Jingrui Holdings priced a $150m bond on April 23 having spotted an opportunity following the market’s indifference towards Kaisa’s default. But investor demand was far from enthusiastic even though the issuer was willing to pay a healthy new issue concession.
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