Citi
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A bond market veteran will leave Citigroup at the end of March to chair Capital Generation Partners, an investment management firm. -
Kuwait’s Burgan Bank has signed a $350m loan with a club of seven relationship banks to refinance borrowing done in 2015.
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Personal computer maker Lenovo priced a $750m deal on Thursday as part of a liability management exercise, switching some investors out of an old bond that will mature next year. But like others in the market, the borrower had to pay a double-digit new issue premium to ensure success.
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A jaw-dropping $20bn of investor orders poured in for Naspers’s overnight share sale in Hong Kong-listed Tencent Holdings, in a deal one banker summed up as "a huge success, and a landmark for all involved".
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Mainland online credit card manager 51 Credit Card submitted a draft IPO prospectus to the Hong Kong Stock Exchange on Thursday.
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India’s ICICI Securities covered nearly a third of its Rp40.2bn ($617.1m) IPO on the first day of bookbuilding, after the deal was launched with strong support from anchor investors.
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Mainland firms Hope Education Group and Beijing Huatu Hongyang Education & Culture Corp are seeking the green light to launch IPOs in Hong Kong.
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Investors have begun to push back against ever tighter levels in the public sector dollar market, with a deeply sub-Libor trade this week failing to find full subscription. But there was not much concern ahead of next week’s Easter holidays, with some strong funding already raised in the first quarter and the new Federal Reserve chair’s first Federal Open Market Committee meeting passing this week without any great surprises.
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Russian gold miner Nordgold and coal company Siberian Coal Energy Co (Suek) signed syndicated loans in the week leading up to Vladimir Putin’s victory in the Russian general elections.
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French supermarket group Carrefour returned to the equity-linked market on Thursday to sell a $500m equity-neutral convertible bond due in January 2024.
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Anheuser-Busch InBev timed a $10bn multi-trancher to perfection this week as it jumped into the market to extend maturities ahead of the Federal Reserve’s rate interest rate hike.
