Citi
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On Monday, the US deliveries group FedEx returned to the euro corporate bond market for the first time since its debut visit in 2016 when it raised €3bn to finance its purchase of Dutch peer TNT Express. That deal was a four-tranche combination, but its latest deal was just a €500m 3.5 year deal to refinance the shortest tranche of the debut deal. -
China’s Dalian Wanda Group has filed for a US IPO of up to $500m for its sports business, according to a source close to the deal.
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Bank Rakyat Indonesia (BRI) has launched a $700m multi-tranche loan into general syndication, raising some debate among bankers about the tight pricing on offer.
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China’s Kepei Education has started bookbuilding for its HK$954m ($122m) IPO amid regulatory uncertainties around the sector in the Mainland, according to a source close to the deal.
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South Korea’s third largest life insurer, Kyobo Life Insurance, has lined up three firms to lead its IPO, according to a source working on the deal.
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A rally in the debt market and Indian Oil Corp’s (IOC) scarcity value buoyed the company’s return to dollar bond investors for the first time since 2013, allowing it to add a chunky $900m to its coffers.
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Shanghai Commercial Bank followed Hong Kong’s Dah Sing Bank into the bond market on Thursday with a $300m Basel III-compliant tier two deal.
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IPO-hopefuls Metropolis Healthcare and Polycab India, a wire and cable manufacturer, are set to begin pre-marketing this month, according to a source close to the deals.
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Indonesian textile company Sri Rejeki Isman (Sritex) has returned to the syndications market for a $350m loan that will go partly towards a bond buy-back.
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