Credit Suisse
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Endemol, the Dutch television programme producer, will hold bank meetings this week to market its €1.35bn cov-lite refinancing loan.
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Future Land Holdings priced its second dollar offering on Monday after receiving reverse enquiry from large institutional investors. Improved sentiment towards the Chinese property sector, as well a strong demand for high yielding instruments, resulted in an order book nearly nine times subscribed.
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Southeast Asia’s largest e-payment firm MOL Global filed for a $300m Nasdaq IPO on July 14, which could see it become the first Malaysian firm to go public in the US.
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Unifin Financiera hopes to join the line of Mexican non-bank finance companies accessing international bond markets after releasing initial price thoughts of high 6%-7% for a debut five year non-call three issue.
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E-commerce giant Alibaba revealed on July 11 that it now values itself at $130bn, up from $117bn in June, as yet more information is unveiled by the Chinese firm ahead of an upcoming listing.
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Future Land Holdings is out in the market with a new dollar bond less than a week after fellow high yield real estate company, Times Property Holdings, completed a dollar offering. Bankers hope that appetite for junk-rated property names is returning.
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Bank of America Merrill Lynch has hired Mayank Saxena as its new head of southeast Asia FIG investment banking, according to an internal memo seen by GlobalCapital Asia.
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The Inter-American Development Bank took advantage of strong demand for dollar paper this week to sell its largest dollar benchmark, while Bank Nederlandse Gemeenten also visited the market, suggesting that appetite remains robust despite many investors getting ready to embark on summer holidays.
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Moody’s placed Iceland Foods' ratings under review for downgrade after the UK supermarket chain announced a plan to issue £955m of bonds.
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The sterling market provided the only senior financial supply this week, with Dexia Crédit Local and Credit Suisse selling deals at the short end. A juicy spread over other highly rated paper propelled Dexia’s government guaranteed issue to exceed expectations, while Credit Suisse also drew strong demand for its floater.
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China Huarong Asset Management issued the third ever dollar denominated bond from a Chinese asset management company (AMC) on Wednesday, July 9. Although voracious investor demand for the dual trancher gave the issuer plenty of room to tighten pricing, the AMC opted to leave some money on the table for investors.