Citi
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Time Warner issued a well received eight year euro bond on Tuesday, as it finally pulled the trigger on a trade that was first mandated at the end of April. -
Bolloré and Eurofins Scientific became the first unrated names to tap the euro market in July this week, showing that the market is back on track by drawing comfortably oversubscribed trades.
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The primary market for peripheral European covered bonds leapt back to life this week after a 12 week hiatus, with investors queuing up to buy a series of deals that emerged in quick succession.
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Nationwide Building Society stood out on another busy day in the covered bond market, shaking off three rivals to print a €1bn mortgage backed bond on Thursday in line with Lloyds and Bank of Nova Scotia.
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Georgian firm Rustavi Azot released price guidance for its $180m five year non-call three notes on Thursday, and now expects to price the bond on Monday.
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German agency KfW expanded its stable of green bond issues to a fourth currency this week when it sold a debut sterling-denominated green bond.
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Rustavi Azot released price guidance for its $180m five year non-call three notes and now expects to price the bond on Monday.
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China Railway Signal & Communications Corp (CRSC) started investor education for its $2bn Hong Kong IPO on Monday, July 20, becoming the first issuer brave enough to proceed with its equity-raising plans following the mainland stock market’s dramatic collapse earlier this month.
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Central China Securities Co is placing out new H-shares in a deal expected to raise HK$2.53bn ($327m). The trade makes it the first Chinese broker to tap equity investors for funds since China’s stock market meltdown sent the region into a tailspin earlier this month.
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Adani Ports and Special Economic Zone has become the first Indian bond issuer in almost two months, successfully wrapping up its debut outing on July 22. Market observers welcomed the deal as it injected some much needed variety in the China-dominated Asian bond market, but its pricing was a point of debate.
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Unrated French issuer Bolloré sold its second ever euro deal on Wednesday, drawing a strong order book that bodes well for Eurofins Scientific, another unrated corporate that could tap the market as soon as Thursday.
