Citi
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The European Investment Bank enjoyed stellar demand for a $3bn five year deal on Wednesday, with lack of competing supply encouraging investors to turn out in droves, despite the skinny premium on offer. -
Woori Bank turned to Taiwan this week for its latest dollar transaction, raising $450m from the first sustainability-labelled Formosa deal.
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After a couple of slow weeks for corporate bond issuance in Europe, the pace quickened somewhat on Tuesday, with two €500m no-grow issues. One was from a familiar name - Carrefour, the French supermarket chain - the other from a new one, Samhällsbyggnadsbolaget i Norden, a Swedish residential property company founded only in 2016.
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The European Investment Bank is out with initial price thoughts on a $3bn 2024 bond, offering investors a premium to its bigger five year deal in January.
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The UK Debt Management Office has chosen the tenor for the first syndication of its 2019/20 financial year, which is expected to come in the week commencing May 13.
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Occidental Petroleum has successfully wooed Anadarko, the Texas-based shale oil and gas company, with a new offer to buy it, including a larger portion of cash. Anadarko has ditched the deal it already had in place to sell itself to rival bidder Chevron.
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Equity capital markets bankers are pitching aggressively for any new business they can get, often disregarding issuer region or the size of the deal, to make up for the dearth of supply so far in 2019.
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Czech Railways (České dráhy), the 100% state-owned Czech national railway operator, is embarking on a European roadshow for a seven year bond.
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Haitong UniTrust has launched pre-deal investor education for its Hong Kong IPO, as the Chinese financier looks to make it fourth time lucky for its deal.
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The UK Debt Management Office has mandated four banks for the first Gilt syndication of its 2019/2020 financial year.
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China’s Zai Lab has priced a follow-on sale of 7.8m American Depository Share (ADS), its second since its listing on the Nasdaq.
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