Citi
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China Merchants Securities Co has kicked off bookbuilding for a HK$11.4bn ($1.5bn) IPO, over half of which has been propped up with cornerstone investors. Meanwhile, peer-to-peer lender Lufax has hired a quartet to lead its $5bn float. -
The blaze of equity block trades on Thursday night was well received, with important deals completed for CaixaBank and in shares of Veolia Environnement and Scout24.
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Chinese data analytics firm Gridsum Holdings has raised $82m after global investors piled in to its Nasdaq IPO.
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China Petrochemical Corp (Sinopec) sourced $3bn from a triple-tranche bond on Thursday, as the oil and gas giant’s credentials and frequency in the Asian G3 market paved the way for a successful trade.
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Korea Housing Finance Corp and Cariparma Crédit Agricole have hired lead managers to arrange investor meetings, with a view to issuing covered bonds in dollars and euros, respectively.
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CaixaBank, the Barcelona-based retail bank, has launched a €1.3bn accelerated bookbuild this evening to sell a 9.9% stake in itself, as part of its move to take over Banco BPI of Portugal. The deal is one of four block trades in the European market this evening.
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South Korea’s Woori Bank printed a $500m Basel III additional tier one on Tuesday off the back of a modest $850m order book. The notes struggled a little in secondary the following day before rebounding on Thursday, putting the focus on the transaction’s pricing and timing, writes Addison Gong.
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Korea Housing Finance Corp and Cariparma Crédit Agricole have hired lead managers to arrange investor meetings, with a view to issuing covered bonds in dollars and euros, respectively.
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Fertiliser producer EuroChem signed a $800m pre-export finance facility (PXF) refinancing last week, with the borrower shuffling its bank group as Chinese lenders play a growing role in Russian corporate loans.
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UK motor and lubricant oil producer Castrol has raised Rp18.1bn ($270.1m) from a sale of its stake in Castrol India. The deal suffered from slippage after the leads missed the block window that protects such trades in the open market.
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China Petrochemical Corp, also known as Sinopec, is back in the debt market less than five months after its last transaction, and is seeking out a triple-tranche dollar trade.
