BNP Paribas
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Times Property Holdings made its third appearance in the international bond market this year on July 9, with a Rmb900m dim sum. The substantial handle attracted strong support from yield hungry investors and enabled the borrower to price well inside its existing curve.
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Six banks have been mandated for Indian company Rural Electrification Corp’s latest fundraising, which was originally touted as a $100m deal but has already been increased to $230m.
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Asian bond issuers just can't get enough of the euro market. This week it was the turn of India's ONGC Videsh to tap the currency, but it did so in unexpected fashion, launching a dual tranche dollar deal and tacking on a debut euro leg late in the process. From a pricing perspective, the tactic looked to have paid off — and the $2.2bn-equivalent deal was India's biggest G3 issue, writes Virginia Furness.
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Italian defence contractor Finmeccanica has signed a €2.2bn revolving credit facility, €200m smaller than the 2010 facility being refinanced.
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Deutsche Bank is set to hire BNP Paribas's Vikram Gandhi for its capital structuring team.
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A new Italian corporate bond issuer entered the market on Wednesday, as 2i Rete Gas, the second largest gas distribution company after Snam, issued €1.35bn of five and 10 year paper.
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BNP Paribas has named two senior executives to drive its fixed income business in Germany, as part of its decision six months ago to upgrade Germany to one of its domestic markets, alongside France, Belgium, Luxembourg and Italy.
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Bank of China Paris Branch printed its debut CNH bond on Tuesday, issuing Rmb2bn ($322m) in a two and five year deal that attracted good demand from Europe. The bonds will be listed in Paris and Frankfurt.
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Times Property Holdings has returned to the international bond market and released final guidance on its first dim sum bond. The substantial handle should attract strong support from yield hungry investors, according to bankers on the deal.
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Acea, the Italian energy and water group based in Rome, issued a 10 year bond on Tuesday, following its more northerly peers Hera and Iren, which have issued respectively a 10 year and a seven year bond since late June.
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Scentre, the new Australian listed property company that holds the Westfield Group’s Australian and New Zealand shopping centres, issued its first bonds today, and turned to the European market. Despite a weak day, it exceeded its target of €2bn, finding strong demand for a rare four tranche issue in euros and sterling.
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Norwegian oil and exploration company Det Norske Oljeselskap signed a $3bn reserve-based lending facility on Tuesday.