Credit Suisse
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Offshore supply vessel operator Icon Offshore started premarketing its $300m IPO on May 21 and those on the trade are confident thanks to the presence of cornerstone investors. -
Following a failed listing attempt two months ago, Chinese secured loans provider Hanhua Financial Holdings will be hoping for better luck having refiled its IPO application on May 19.
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Mexican construction company Empresas ICA announced initial price thoughts of mid-9% for a new 10 year non-call five dollar benchmark to be used to fund a tender offer.
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Malaysian conglomerate Boustead Holdings plans to start taking order for its MR1.1bn ($324m) spinoff of its plantations business at the start of June, according to bankers on the deal.
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Mortar producer Parex will this week or next launch high yield bonds to back its takeover by CVC Capital Partners, lead bankers have told GlobalCapital.
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Equities and credit indices had a so-so day today, but that did not stop three companies punching out deals in the European market, using three of the formats that have recently been popular.
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Online cosmetics marketplace operator Jumei International Holding made an encouraging start to life on the New York Stock Exchange, trading up by as much as 28.5% on its debut on May 16.
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Yanzhou Coal Mining (Yancoal) priced a perpetual non call two year hybrid on Thursday to bolster its balance sheet. As slowing economic growth in China fans concerns about the future prospects of the country’s coal industry, the issuer took a cautious approach to structuring and had to pay a hefty premium.
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Online cosmetics marketplace operator Jumei International Holding is planning to price its $204m New York IPO at the top or even above its indicative price range thanks to exceptionally strong demand from investors.
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Johnston Press, the UK publisher of regional newspapers, priced £225m of bonds on Tuesday as part of its broader capital refinancing plan, but had to offer high interest rates.
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Public sector issuers that ventured into dollars this week were inundated with demand, allowing them to bring a series of oversubscribed deals in the short to medium part of the curve. Others are tipped to follow if conditions are stable next week — after a stormy afternoon of trading across credit markets on Thursday.
