Credit Suisse
-
Dutch cable company Ziggo accelerated its €730m-equivalent dual currency bond and priced it today, after its sister company Virgin Media had yesterday priced tighter than guidance the first bond of a restructuring plan involving four Liberty Global cable subsidiaries.
-
Virgin Media expects its leverage to remain within levels set by its parent company Liberty Global, after it raised a £925m-equivalent bond to finance a merger with another subsidiary, UPC Ireland.
-
Book sizes for Tuesday’s offerings of senior fixed rate deals have fallen sharply, compared to the unusually swollen orders placed for new issues in recent days, but the market is still steaming ahead.
-
Mexico reaffirmed its status as one of the best EM borrowers on Monday after raising $2bn of new money and refinancing a further $2bn through an ambitious dual-tranche switch trade on another rocky day for markets.
-
GE Capital issued an €850m five year floating rate note and a €1bn seven year fixed rate bond on Monday, bringing total public issuance by the company so far this year to over $7.1bn.
-
Malakoff plans to start meeting potential cornerstone investors next week for its more than $1bn IPO in Malaysia, setting in motion a long-awaited spin-off from its parent MMC.
-
HDFC Bank is moving ahead with plans to raise Rs100bn ($1.58bn) in a bid to improve its capital position, after it picked four banks to lead the share sale.
-
China Huarong Asset Management took the market by surprise on January 8 by printing a $3.2bn triple tranche offering in what is Asia's largest ever Reg S-only deal. With the market still bogged down by macro concerns and fears over Chinese property, the bad debt manager wisely chose to pay a juicy concession to get the huge deal done.
-
The senior FIG market’s new year surge accelerated on Thursday, with another five new issues announced in the wake of Wednesday’s successful prints. Attractive new issue premiums have kept demand high for senior unsecured prints, according to syndicate managers.
-
China Huarong Asset Management is back in the market, launching a multi-tranche trade in dollars as it looks to become one of the first Asian companies to tap the debt market this year.
-
RCA01, owned by Spring Real Estate Investment Trust (Spring Reit), is in the market for a $500m refinancing, picking three mandated lead arrangers and bookrunners. The loan is secured on property in Beijing.
-
Financing for Altice's planned takeover of Portugal Telecom has been put on hold, as the telco is being investigated over its investments in Grupo Espírito Santo.