Citi
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A pair of issuers reopened the 10 year part of the dollar curve for sovereigns, supranationals and agencies this week, but despite both trades gaining plaudits there is still scepticism over whether a $2bn-plus sized deal is possible.
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Dong Energy began the bookbuild for its Copenhagen IPO on Thursday, at a price range of Dkr200 to Dkr255 a share, which would give it a market cap of Dkr83.5bn to Dkr106.5bn ($12.5bn-$16bn).
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Axis Bank revived Indian green bond issuance this week with the country’s third international deal. Financial institutions are expected to dominate the pipeline for the rest of the year, as the challenge of issuing offshore deters other borrowers, writes Narae Kim.
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Aircraft leasing firm BOC Aviation has raised HK$8.7bn ($1.1bn) from its IPO after a flood of orders from institutional and Hong Kong retail investors.
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Indonesian power producer Cikarang Listrindo is wrapping up the largest IPO in Indonesia in nearly five years this week. The country’s equity capital markets have been quiet this year, but that could be changing as Cikarang shows there is a strong level interest in the country from international investors. Jonathan Breen reports.
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Indonesian medical testing firm Prodia has named a pair of bulge brackets and a local firm to run its listing, which it plans to launch this year.
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China Huarong Asset Management and Midea Group are out with their respective dollar offerings while France’s BPCE is attracting bids for a Singapore dollar-denominated Basel III tier two.
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GlobalCapital presents its annual Emerging Market Bond Awards 2016. These awards are determined entirely by a poll of market participants, and celebrate the outstanding issuers, funding officials, investment banks, bankers and rating agencies in the emerging markets between May 2015 and April 2016. Congratulations to the winners and nominees.
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The IPOs of Philips Lighting and Maisons du Monde both reached successful conclusions on Thursday. Their books built gradually, which a banker said boded well for them to trade solidly when they are listed, unlike some recent soggy performers like Telepizza.
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Croatia has picked four banks for a euro-denominated bond and is embarking on investor meetings for the deal next week.