Credit Suisse
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Malaysia-based Lotte Chemical Titan has submitted a draft a prospectus for its upcoming IPO on the Bursa Malaysia, which is expected to raise at least $1bn, according to a source close to the deal. -
Minsheng Financial Leasing has closed its latest syndication on a high note, with the loan increased to $335m as banks gobbled up the deal.
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Peer-to-peer lender China Rapid Finance has launched bookbuilding for its US listing, which could raise $115m, according to a termsheet seen by GlobalCapital Asia.
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Aluminum Corp of China, Peking University Founder Group, Beijing Enterprises Holdings and Singapore’s Oxley Holdings all walked away with new bonds on Wednesday, wrapping up a blockbuster issuance week ahead of Easter.
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Want Want China Finance is pursuing a new dollar bond offering, mandating banks for the deal this week.
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Investment bankers serving Europe’s financial institutions are already confident 2017 is going to prove a more fruitful year than 2016, when the fees paid by the sector fell to a 14 year low, writes Jon Hay.
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Swiss Prime Site, LGT Bank and the City of Zurich took advantage of a quiet market, placing Swiss franc bonds with domestic investors before Easter holidays.
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Order books were open for all of 10 minutes as the City of Zurich benefited from a scarcity of municipal activity to find Sfr100m ($99.5m) in a 20 year no-grow deal.
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Credit Suisse and UBS have strengthened their grip in their home market, but with Switzerland leading Europe’s cross-border M&A revival, they face stiff competition from ambitious foreign rivals, writes David Rothnie.
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The euro high yield market closed the week before the Easter break in strong form, with bonds from Burger King France and Colfax, the US gas company.
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BlackRock added one year to a $4bn March 2021 five year facility this week, with over 30 banks piling into syndication.
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The slightly softer tone in the Asian markets on Tuesday did not deter issuers from flocking to the debt market, with as many as eight borrowers bagging new bonds. And the momentum continued on Wednesday, with a handful of firms opening their transactions.
