Credit Suisse
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General Electric is the world’s biggest bond issuer, and usually one of the US issuers that comes most frequently to European markets — partly to diversify its funding, and partly because it has European-based businesses to finance.
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Credit Suisse enjoyed tight pricing and heavy demand as investors gobbled up the extra yield offered on its $2.5bn second additional tier one dollar deal.
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French mortar producer Parex has changed the structure of its new bond offering to include only floating rate notes.
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Spanish olive oil producer Deoleo scrapped the entire dollar tranche of its €600m loan last week but as the dust settles on the deal it has emerged that US, rather than European investors, played the pivotal role in this swing.
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JP Morgan has promoted Rohit Chatterji to be head of emerging Asia M&A, replacing Rob Sivitilli, who will be retiring from the industry after 18 years with the bank.
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PTT Exploration and Production (PTTEP) printed the first dollar corporate hybrid from Thailand on Wednesday, a perpetual non call five. Despite a noisy Thai political backdrop, the deal attracted a legion of yield-hungry investors who drove final pricing a staggering 37.5bp tighter than initial guidance.
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Swiss payments provider Aduno hit the domestic bond market for its third ever issue on Thursday, with a fixed and floating rate deal.
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Malaysian conglomerate Boustead Holdings had plenty to celebrate on June 11 after pricing its MR1.05bn ($327m) spin-off of its plantations business at the top of guidance and becoming the largest Malaysian IPO of the year so far.
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Two less frequent European borrowers and the world’s biggest corporate bond issuer gave euro investors a varied diet today, as GE Capital issued a €500m FRN and Sandvik and Sixt brought their premarketing to fruition with sub-benchmark deals.
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Dutch discount retailer Hema priced €715m of bonds yesterday, after increasing the fixed rate tranche by €25m and shrinking the floating rate tranche by the same amount.
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Bibby Offshore, the UK provider of subsea services to offshore oil and gas firms, plans to issue £175m of senior secured seven year notes.
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Investors poured into Beijing Enterprises Group Company’s (BE Group) HK$4.31bn ($556m) exchangeable bond on June 10 as the opportunity to invest in a major blue chip was too good to ignore even though the terms were aggressive.