Crédit Agricole
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Taiwanese company Far Eastern Group has launched a $260m facility for its Chinese unit into general syndication, cutting the deal size from the planned $400m. -
Aluminium manufacturers China Zhongwang Holdings and China Hongqiao Group have entered the loan market in quick succession, with both companies launching three year facilities into syndication.
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IDBI Bank executed a solid return to the dollar bond market on Wednesday night, pricing its 5.5 year Reg S offering just before hawkish comments from the US Federal Reserve sent Treasury yields surging.
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Ceva Sante Animale, the veterinary vaccines maker, expects to receive initial commitments to a €668m-equivalent term loan on Friday, as it seeks to refinance debt using an aggressive covenant-lite structure.
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Crossover credits ArcelorMittal and Fiat took advantage of a strong market to sell five and seven year euro benchmark bonds on Tuesday.
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The recent spurt of floating rate senior unsecured FIG issuance continued on Wednesday, as issuers look cut out the cost of basis swaps by issuing while demand for senior is hot.
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Russian iron ore producer Metalloinvest has signed a $1.15bn pre-export finance facility to refinance existing debt.
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Taiwanese company Far Eastern Group has launched a $260m facility for its Chinese unit into general syndication, cutting the deal size from the planned $400m.
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IDBI Bank returned to the dollar bond market on Wednesday morning, providing investors with a popular alternative to the high volume of Chinese credits seen so far this year.
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SBI Capital Markets has joined as a mandated lead arranger and bookrunner on its parent State Bank of India’s $390m loan ahead of a general launch on March 18, but is yet to commit a firm amount.
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RCI Banque, once a frequent issuer of declining credit quality whose bond issues aroused little excitement among investors, returned to the market today after a 10 month absence and was greeted like a long lost friend.
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Italian carmaker Fiat joined the recent flurry of crossover issuers on Tuesday with a seven year speculative grade rated bond. The deal attracted strong demand of over €4.5bn, which allowed Fiat to issue €1bn.
