Citi
-
Repsol, the Spanish oil and gas company, has issued a €500m 12 year bond, extending its maturity profile by five years and only had to pay a small new issue premium, according to a banker. -
Pakistan has set the final terms for its five year dollar benchmark sukuk. The deal will be between $750m and $1bn. Pricing is expected to follow on Wednesday in the early afternoon, London time.
-
China Development Bank’s financial arm of CDB Leasing failed to outshine on its comeback through a five year and ten year dual tranche offering on November 25 despite the status of the ultimate parent as the country’s biggest policy bank.
-
Telekom Austria, the telephone and internet services provider, has raised over €1bn in its first capital increase since Carlos Slim’s América Móvil (AMX) acquired a majority stake in the company earlier this year.
-
-
Export Development Canada built an oversubscribed book for a new dollar benchmark on Tuesday, despite pricing flat to its curve. The issuer’s rarity and the deal’s proximity to the Thanksgiving holiday in the US on Thursday may have helped boost demand for the paper.
-
GlaxoSmithKline has returned to the euro bond market after a five year absence with a big double tranche transaction. The UK pharmaceuticals company priced €1.5bn of five year and €1bn of 10 year bonds on Tuesday.
-
Banks working Pakistan’s first sukuk since 2005 opened books on November 25, even though the borrower was still on its roadshow.
-
Korea East-West Power Co (EWP) provided a strong end to what has been a mixed year for Korean credits, selling a $500m 5.5 year bond on November 24. Investors thronged to the quasi-sovereign, which benefits from favourable government policies, at one point helping the order book reach eight times subscribed.
-
Chinese real estate developer Logan Property Holdings launched a two-day roadshow on Tuesday as prepares its maiden dim sum bond six months after selling its inaugural international issue.
-
Feiyu Technology International Co, a mobile game developer, has pressed the play button on its HK$765m ($99m) listing, opening books on November 25. The shares are being offered at a discount to some of the closest comparables, but bankers said valuation was not a priority for investors who are more concerned about the business having the right team in place to develop the next big game.
-
The recent spate of bond issuance in euros by US companies continued on Friday as Praxair, the Connecticut-based industrial gases group, sold a €500m 11 year bond with a minimal new issue premium.
