Citi
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Frasers Centrepoint has priced its Singapore real estate investment trust IPO at the top of guidance, bagging S$903m ($666.5m) after investors came out in force at the top of the range. -
Investigators raided the offices of Lotte Group early Friday morning, one week after they did the same to its subsidiary Hotel Lotte Co, which is in the midst of trying to launch an IPO.
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Nippon Steel & Sumitomo Metal Corp pared down some of its stake in Korean steelmaker Posco via an overnight offering on Wednesday, netting W164.17bn ($139.68m) from the hedge fund-heavy trade.
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China State Construction Engineering Corporation sealed a dual-tranche offering split between a three year and five year this week, coming to the market in a week that hosted other deals from Chinese state-backed companies. But thanks to its link to the central government, the issuer managed to raise $1bn effortlessly.
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Dong Energy’s IPO, the biggest in Europe so far this year, achieved a strong result, both in its bookbuild, which raised Dkr17.1bn ($2.6bn), and on its first day of trading on Thursday, when the shares jumped 10%.
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The response to some of this week’s dollar deals has got some bankers believing that next week’s US Federal Reserve meeting might not prove to be the market shutting millstone that it had promised to be just a few weeks ago.
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Amid a hail of equity capital markets deals on Thursday evening, Airbus launched a €2.1bn sale of all its remaining shares in Dassault Aviation, using a €1bn exchangeable bond and block trade of about €800m. That came after Valeo had sold a $450m equity-neutral convertible earlier in the day, and as two other block trades were in the market.
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Kommunalbanken on Thursday sold its largest floating rate note ever — and the largest floater from an SSA since early March — as bankers away from the trade said the “stars aligned” for the issuer.
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US agribusiness and food company Bunge on Thursday issued the first euro benchmark bond since the European Central Bank began to buy corporate bonds on Wednesday, in a deal that could attract attention from other US-based corporates.
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Oman successfully pinned down $2.5bn of funding through a dual tranche note this week, even as Saudi Arabia’s gargantuan bond creeps closer.
