.png){kind=logo}
GC Asia
-
Barclays’ hires Panmure Gordon’s ex-IB head
John Muncey has joined Barclays as vice-chairman of its consumer retail group (CRG) in Europe and the Middle East, while Jamshed Kakalia has been promoted to lead the consumer business in that team.
09.45 AM -
Modern Land builds new green deal
Property developer Modern Land (China) Co has returned to the green market with a $250m bond.
09.15 AM -
Sunac tackles refi needs with $1bn bond
Sunac China Holdings met some of its looming dollar refinancing pressure with a $1bn bond outing on Monday.
08.15 AM -
Wuhan Dangdai returns with tap
Wuhan Dangdai Science & Technology Industries (Group) Co chose a quiet Friday for deal flow to raise $200.5m from a tap.
06 Jul 2020 -
JG Summit ends seven year hiatus with $600m bond
Philippine conglomerate JG Summit Holdings managed to tackle investor questions and scrutiny into the impact of Covid-19 on its business to make a rare bond market outing for $600m.
03 Jul 2020 -
Hilong’s exchange offer fails to avoid default
A long-running attempt by Chinese oil company Hilong Holding to complete an exchange offer on a dollar bond has failed, after it confirmed a default this week. The situation has caused analysts to speculate on how it could have executed its deal better. Alice Huang reports.
02 Jul 2020 -
AMS pays up after investigation news trips up takeout
AMS had to discount its bond by an extra point and pay a higher coupon in the face of lower demand as it looked to fund the takeover of light maker Osram, after news broke last Thursday of a potential investigation into the company’s executives. That forced bookrunners to reopen the deal and take another swing at the market this week.
01 Jul 2020 -
Retailer launches refi with billionaire brothers’ backing
UK discount chain B&M Value Retail has launched a £350m senior secured bond and a £300m term loan to refinance its whole capital structure — with help from the Arora brothers, the largest shareholders in the company, who will subscribe for £100m of the bond through their vehicle SSA Investments.
01 Jul 2020 -
Fiat Chrysler continues funding drive with €3.5bn bond
Fiat Chrysler Automobiles, the Italian-American crossover-rated car company, launched €3.5bn of bonds into the market on Tuesday, days after its Italian arm had agreed €6.3bn of bailout funds guaranteed by Italy.
30 Jun 2020 -
Styrolution bonds dip as market mulls cost of BP acquisition
BP’s announcement that it was selling $5bn of assets to Ineos — a sale the already leveraged group will fund largely through new debt — put selling pressure on existing Ineos debt on Monday; particularly that issued by its Styrolution unit, which will be the acquirer in the BP deal.
30 Jun 2020
