Credit Suisse
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Penn Engineering, the US fasteners maker, has launched a $465m-equivalent repricing to cut margins on its dollar and euro loans by 50bp. -
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The Republic of Korea has mandated two banks for a credit update with bond investors in London next week.
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Warburg Pincus, which first invested in Hong Kong-listed Car Inc in 2012, pared down its ownership through a HK$3.11bn ($401m) block on May 27, which was priced at the middle of guidance as the seller took a strategic stance on secondary performance.
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The continuing saga of Kaisa Group Holdings reared its ugly head once again this week when Sunac China Holdings announced it had terminated the acquisition of a stake in the troubled property developer. But that had little impact on the primary pipeline, with two high yield real estate companies raising a combined $600m.
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Property developer Evergrande Group launched a top-up placement of shares on Thursday morning to raise up to HK$4.75bn ($613m), offering a hefty discount of up to 10% due to the recent run-up in share price.
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A Nordic agency is set to tackle the 10 year part of the dollar curve — a tenor SSAs have largely shunned so far in May.
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The public sector borrower market is enjoying stability after weeks of turbulence, with a pair of issuers trebling the number of euro benchmarks so far this month.
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Lower rated property developers from China are firmly back on the menu for fixed income investors with Fantasia Holdings Group the latest to try its luck on May 27.
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Two public sector borrowers have picked banks to run dollar deals on Wednesday — and even more deals could follow, said SSA bankers.
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Eli Lilly, the US pharmaceuticals company, made its euro bond debut on Tuesday, printing seven, 11 and 15 year notes and proving that the market is still open for longer dated paper — at a price.
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Penn Engineering, the US fasteners maker, has launched a $465m-equivalent repricing to cut margins on its dollar and euro loans by 50bp.
