Citi
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Online gaming company and mobile game developer Linekong Interactive has filed for a listing on the Growth Enterprise Market (Gem) of the Hong Kong exchange. The issuer is aiming aiming to raise roughly $150m, which would make it one of the largest ever IPOs on that segment of the exchange. -
Emirates NBD has announced a roadshow for a perpetual tier one bond. But the bond will not be structured with the aim of being Basel III complaint, which sparked debate among bankers on and off the deal.
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Arcelik, a Turkish home appliances and consumer electronics company, has mandated BNP Paribas, Citi and HSBC for a euro-denominated Reg S bond. The deal will mark the first ever bond in the currency for a Turkish corporate.
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E-commerce firm Alibaba Group, which was expected to open books for a jumbo IPO on September 2, has decided to push back bookbuilding by a week. This is bad news for other issuers sitting on the sidelines as they will have to wait slightly longer before they go ahead with their own listings.
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Guarantor: German Financial Market Stabilisation Fund (SoFFin)
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Unédic is set to become the third issuer this week to bring a euro benchmark after the summer, having mandated a deal for Friday following deals for Finland and Bank Nederlandse Gemeenten (BNG) earlier in the week.
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Mergers and acquisitions are set to be an important driver of corporate bond issuance this autumn. Deal mandates are already building up — in fact, M&A is the driver for virtually all the deals that have yet appeared in Europe’s corporate bond pipeline this season.
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Burgan Bank has set investor meetings for the first ever international perpetual tier one bond from Kuwait. The Reg S benchmark dollar bond is being arranged by Citi, HSBC, JP Morgan and National Bank of Abu Dhabi.
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Perusahaan Gas Negara has wrapped up its $650m club loan with eight banks. Allocations for the deal’s onshore tranche stood at $590m, while those for the offshore tranche were $60m.
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E-commerce giant Alibaba Group has signed a $3bn revolving facility with four lenders, just days before it starts premarketing its IPO.
