Credit Suisse
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Poundland’s newly listed shares soared over their first day of trading on Wednesday, rising from the IPO pricing level of 300p to over 401p.
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United Overseas Bank priced a US dollar-denominated Basel III-compliant tier two bond on Tuesday night, the first offering of its kind from a South East Asian bank. The borrower is also the first Asia bank to issue a dollar Basel III bond since Dah Sing Bank in January.
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International schools operator Nord Anglia Education has set the terms for its $323m US IPO, which is due to price towards the end of March.
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Energie Baden-Wuerttemberg launched a corker of a hybrid capital issue on Tuesday, raising €1bn to bolster the subordinated layer of its capital structure at blisteringly tight pricing, thanks to perfect timing after a drought of issuance.
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Dutch lender Rabobank will sell a new seven year Swiss franc deal on Tuesday afternoon, showing demand remains strong for strongly rated financials despite a steady flow of deals so far in 2014.
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United Overseas Bank set final price guidance for its debut US dollar-denominated Basel III compliant tier two bond on Tuesday afternoon, tightening from initial guidance on an orderbook that exceeded $4.25bn.
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Energie Baden-Wuerttemberg, the German electricity and gas supplier, is set to issue its second hybrid capital bond on Tuesday, after holding a conference call with investors on Monday.
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Nordea is set to sell its first Swiss franc bond of 2014 on Monday. While the issuer has a strong reputation with Swiss investors, some bankers away from the deal are concerned that a flood of double-A supply so far in 2014 could diminish demand for the long five year trade.
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United Overseas Bank (UOB) announced on Monday that it is planning a US dollar-denominated Basel III compliant tier two bond. The bank will become the first Singaporean issuer — and only the fourth Asian borrower ever — to do a deal of this kind.
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Bankers said the Mexican high yield market had overcome last year’s homebuilders crisis and was open to new deals after BB rated financial Credito Real’s latest bond performed well in the secondary market. Moreover, a fraud investigation into oil services company Oceanografia is unlikely to have a broader effect on the Mexican high yield market.
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A group of 15 banks are tipped to win the mandate for the new loan for agricultural products supplier Olam International, which is expected to launch at $1.2bn.
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Nasdaq-listed China Mobile Games and Entertainment Group (CMGE) is looking to raise $115m via a placement of new American Depositary Shares, according to an exchange filing on March 7.