Citi
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Rishi Jalan, vice president at Citi, has relocated to the American lender’s Hong Kong office from Mumbai to join its Asia Pacific debt syndicate team. -
Innocean Worldwide opened books on Monday, June 22, for its South Korean IPO of W355bn ($323m), on the back of some positive response from the market during the investor education phase.
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Commodity trader Trafigura is set to launch its annual financing and is looking for $2bn. The company is in the process of forming the mandated lead arranger and bookrunner group, said a banker.
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Red Star Macalline Group Corp priced its IPO in Hong Kong at the top of the range on June 19, raising HK$7.22bn ($931.34m) for the furniture retailer-cum-shopping mall owner that has been dubbed China’s answer to Ikea.
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High grade borrowers are set to pull the trigger on a slew of refinancings and M&A deals after the Federal Reserve took a big step closer to its first interest rate rise since 2006 following the conclusion of a two day meeting in Washington on June 17.
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Comments from US Federal Reserve chair Janet Yellen this week have fuelled expectations of a rate rise this year — but dollars should remain more attractive for issuance than euros.
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The Middle East remains the mainstay of the CEEMEA bond market, with borrowers continuing to put plans in place. National Bank of Oman has picked banks for its first ever additional tier one deal, becoming the latest in a long line of Middle East credits to mandate for dollar perpetuals.
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Archer Daniels Midland, the US food processing and commodities trading company, ended a fallow patch in the corporate bond market on Wednesday, making its debut in the euro market with a dual tranche deal.
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A Cambodian borrowing has hit the offshore syndicated loan market. The $80m deal for Khmer Brewery has three banks at the helm, which are understood to be targeting banks that have an existing presence in the southeast Asian nation.
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Mexican hotel operator Grupo Posadas has picked banks for a roadshow in Europe and the US.
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Archer Daniels Midland, the US food processing and commodities trading company, ended a fallow patch in the corporate bond market on Wednesday, making its debut in the euro market with a dual tranche deal.
