Citi
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Romania achieved a wafer-thin new issue premium for a €1bn reopening of its May 2028s on Wednesday. -
The Islamic Republic of Pakistan is returning to the international debt market for a dollar sukuk after a gap of two years.
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CK Hutchison raised $1.25bn and another €1bn ($1.12bn) on Wednesday, whetting investors’ appetite with a good marketing strategy and wise timing, according to bankers.
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Panama’s Global Bank has announced a tender offer for its structured covered bond.
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A range of credits from India, Malaysia and Greater China stormed the Asian debt market on Thursday, vying for investor attention.
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Hong Kong-headquartered conglomerate CK Hutchison Holdings is readying a global sweep of debt markets to raise refinancing funds, announcing on Wednesday morning that it intends to sell a euro-denominated eight year senior unsecured bond just hours after announcing a dollar trade in Hong Kong.
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Oman left a chunky new issue premium on the table with its latest $1.5bn bond sale, but with competing supply looming, and a market backdrop that included two pulled trades, EM bankers said it was a prudent move that resulted in a great trade and over $4bn of orders.
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Divergent pricing expectations between Korean Air Lines (KAL) and investors forced the issuer to pull its hybrid bond on Tuesday evening after a two-day syndication process. The cancellation has dashed hopes of a comeback in high yield issuance from South Korea as the single-B rated trade was slated to be the first since September 2010. Addison Gong reports.
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Indonesia’s Bumi Serpong Damai is looking for a window to sell a seven year dollar deal via wholly-owned subsidiary Global Prime Capital.
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CK Hutchison Holdings is seeking fresh funds to refinance debt, and is eyeing a dual-tranche dollar bond with five and 10 year tenors.
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India’s UPL Corp is setting its sights on a dollar offering, and has obtained first time ratings from international agencies.
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Spanish natural gas utility Enagás is in talks with its relationship banks to refinance a €1.5bn revolving credit facility.
