Credit Suisse
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Kloeckner Pentaplast, the German plastic packaging company, on Wednesday began marketing €300m of unsecured notes with Kloeckner Pentaplast of America as issuer.
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Jerrold Holding, the UK mortgage company, on Wednesday announced a £50m tap of its £200m high yield bond sold in 2013, to repay part of its bank debt.
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Kloeckner Pentaplast, the German plastic film maker, has accelerated syndication on its €831m-equivalent loan in euros and dollars, designed to refinance debt and pay its shareholders a dividend.
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Credit Suisse hired Edward Marlow last month as head of sub-Saharan Africa sales and coverage in fixed income.
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Bank of America Merrill Lynch has hired Josh Presley from Credit Suisse for syndicate as Karim Movaghar has been appointed head of debt capital markets origination for central and eastern Europe, the Middle East and Africa.
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South Korea’s SK Lubricants has revived plans for its listing almost three years after it first floated the idea, with a source saying that an IPO of as much as W900bn ($822m) is expected to hit investors’ screen this year.
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Great Eastern Holdings has raised HK$4.30bn ($555m) by divesting some of its shares in New China Life Insurance, in a deal that has trumped many others in size to become the second largest block in Hong Kong so far this year.
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Singaporean property name Ascendas has made a tender offer to holders of its S$300m ($220m) 4.75% perpetual non call five subordinated bonds that were sold in 2012. A change of control triggered by a merger between the subsidiaries of Ascendas' parent company and government investment company Temasek has allowed Ascendas the option of redeeming the securities.
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China Cinda Asset Management is planning to issue a dollar-denominated bond by the end of the week after announcing the roadshow schedule for trade on April 14. While the size of the offering will not eclipse industry peer Huarong Asset Management’s bond at the start of the year, market participants are still expecting it to be big.
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Orange Switzerland on Thursday priced below guidance a four tranche, dual currency Sfr2bn bond that includes a Sfr150m dividend for its new owner, Xavier Niel’s fund NJJ Capital.
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Great Eastern Holdings is looking to shed some of its stake in New China Life Insurance, launching a block trade after markets closed on April 13 which will net it between HK$4.29bn and HK$4.40bn ($554m-$568m).
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The Pakistan government’s divestment programme for the year has started on an amazing footing, with the country completely exiting Habib Bank via a sale that added a whopping Prp102.3bn ($1bn) to its coffers.