Citi
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Turkey’s Coca-Cola İçecek (CCI) is set to offer investors a rare chance to buy Turkish corporate debt, and has announced its intention to raise up to $1bn from the bond markets within the next year. -
State Bank of India’s new $750m five year financing has been launched into syndication after a 10-strong bookrunner group funded the transaction.
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Two European agencies are set to launch dollar transactions on Tuesday, defying any talk of a summer slowdown to take advantage of supportive conditions.
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Turkey’s smaller financial institutions – Yapi Kredi Finansal Kiralama, the leasing arm of Yapi Kredi, and Alternatif Bank (Abank) – have come to the loan market with higher pricing than their bigger bank counterparts.
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Chinese property developer Cifi Holdings has raised HK$2.4bn ($307.3m) from a top-up share sale and private placement on the back of a surge in its stock price.
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KT Corp, formerly known as Korea Telecom, began marketing a new dollar deal on Monday morning local time, returning to the debt market a year after its last issuance.
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Two banks have underwritten a $4.65bn financing package for the acquisition of Singapore’s Global Logistic Properties (GLP) by a consortium of Chinese investors.
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Guarantor: Financial Market Stabilisation Fund of the Federal Republic of Germany
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Greece’s comeback bond this week should build on its already strong secondary performance, said SSA bankers, paving the way for the sovereign to bring more deals before its scheduled bail-out exit in August 2018. Bankers were quick to point out that while the deal resembled its last comeback trade in April 2014, much has changed since — including its cost of borrowing.
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FMS Wertmanagement was this week the latest public sector issuer to enjoy enviable conditions in the dollar market, and after a US Federal Reserve meeting this week passed without any major surprises more borrowers are rumoured to be looking at trades for next week.
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India’s Nirma is set to hit the US term loan B market for financing to back its bid for Tronox Alkali, a US-based company. The flexibility that comes with selling into an institutional market pushed Nirma to pick a combination of a US TLB and a bond for its acquisition, said bankers.
