Credit Suisse
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Compagnie Générale de Géophysique, the French geological surveying company, has launched a three-for-one rights issue to raise €350m, as it struggles with its $2.5bn net debt burden as oil companies cut back on exploration.
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After a year when European banks took their lowest ever share of investment banking fees, 2016 is not shaping up to be much better. Credit Suisse’s bank analysts noted continued low fees in the European market, which is set to continue into 2016 and 2017. -
Jabez Private Equity Fund I offloaded the remainder of its holdings in South Korea’s Hyundai Securities Co on January 7, fetching W115bn ($96m) from the fixed price offering.
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The Government of Mongolia has picked six banks to work on a 144A/Reg S bond that may hit the market as early as next week.
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Doosan Group sold the third Asian block of the year this week and, in an unusual approach, opted for a private placement. If markets remain volatile, bankers predict many more of the region’s blocks may follow suit. Jonathan Breen reports.
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The Asia ex-Japan debt capital market was crowded with dollar issuers on January 13, with two investment grade bonds and two high yield notes opening in the morning.
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La Financière Atalian, the French facilities management company, priced on Tuesday the first European high yield issue of the year. The €125m tap was increased to €150m.
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Mondelez, the US food and beverage company, on Tuesday priced a dual tranche Swiss franc deal extending its run of Swiss deals to three and drawing praise for its blinding start in the currency.
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Banks on Euro Garages' £745m acquisition debt package have set price talk, with bank meetings taking place on Tuesday.
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With only one small tap launched so far in Europe's high yield bond market this year, investors are disappointed with the scarcity of deals in the pipeline.
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Doosan Group jumped at an opportunity to exit from Korea Aerospace Industries this week, agreeing to a fixed price for its W305bn ($251.4m) block and offering an attractive discount of nearly 8%.
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Australian lender, Macquarie Bank printed an eight year Swiss franc bond on Monday, mimicking its compatriot National Australia Bank's effort a weak earlier.
