Citi
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McDonald’s Corp fell victim to a lack of demand for long dated euro bonds on Monday. It was forced to pull the 20 year component of what had been planned as a four tranche deal. -
Siltronic, the German silicon wafer manufacturer, launched its IPO in earnest today, as investor education began for its listing in Frankfurt.
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Two Australian banks are exploring the dollar markets. Westpac has opened guidance on a fixed and floating rate note and Macquarie is meeting investors for a subordinated tier two.
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Indonesia’s Puradelta Lestari raised just Rph1.01tr ($76.3m) from its IPO after pricing the deal at the lowest end of expectations and slashing the number of shares by more than half.
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Beijing State-owned Assets Management (BSAM) and ICBC's Dubai branch are venturing out into the dollar bond market for the first time.
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Taiwan’s biggest steel producer China Steel Corp has approached lenders for a $400m seven year fundraising. Two Taiwanese banks are arranging the financing, which offers banks comfort in the form of a cap on the Taifx-Libor differential.
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About seventeen lenders have come in for a piece of Noble Group’s $2.25bn syndicated loan during general syndication. The facility’s 15 leads held roadshows in Europe and North America, in addition to Asia, and the list of incoming banks reveals plenty of western liquidity.
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Agricultural Bank of China New York (ABC NY) made its debut in the international bond market by printing a bigger than expected $1.25bn triple tranche offering on May 14. But in order to accommodate to the US investor base, the deal had to be priced at very friendly levels — reflected in its secondary performance.
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China Minsheng Banking Corp (CMBC) made its debut in the dollar bond market on May 14 and, thanks to strong demand from Chinese banks, it was able to price tighter than its better rated comparable — and bulk up the size.
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Ecuador took advantage of its falling bond yields in the wake of a rally in oil prices to reopen its dollar bonds due 2020 for a further $750m on Thursday.
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