Deutsche Bank
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GlobalCapital revealed the winners of its Equity Capital Markets Awards 2017 at our third annual Awards Dinner in London on March 20. CEOs and CFOs were present to collect Awards for landmark deals such as the UniCredit and Santander rights issues and the IPOs of Allied Irish Banks and Pirelli.
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The Council of Europe Development Bank returned to the market for socially responsible investments on Tuesday, printing a seven year “social inclusion” bond.
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UK property company Hammerson has signed a new £1.5bn three year revolving credit facility, bringing in a dozen banks for a financing aimed at slashing the funding costs of its acquisition target, Intu.
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Ukrainian steel and mining company Metinvest is planning to buy back the complex secured bonds it issued as part of its $2.3bn debt restructuring last year, and will finance the move with a new dual tranche dollar offering.
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The IPO of Dutch bank NIBC was due to be priced on Thursday evening at the bottom of its initial range, valuing the company at €1.28bn.
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Two new SRI corporate bonds were priced on Monday, but with very different results. Iberdrola’s green hybrid bond failed to tighten from initial price thoughts, while Danone’s debut social bond had to pay just 2bp of premium.
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The auto finance arm of General Motors opted for shorter maturities to try to ensure the success of its first bond sale of 2018 on Monday. But the €1bn dual-tranche deal only received orders of €1.7bn and the lead managers were only able to tighten one of the tranches from initial price thoughts.
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China’s OneSmart International Education Group opened books for its $211.9m IPO of American Depository Shares (ADS) on Monday.
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Two central and eastern European corporates announced euro trades on Friday, adding to a busy pipeline of emerging markets deals.
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Côte d’Ivoire took combined books of €4.8bn for its milestone dual tranche 11 and 30 year euro bond on Thursday, with investors voicing relief that the issuer had not squeezed pricing too much from the initial talk.
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Bank of the Philippine Islands has firmed up the launch date and number of shares for its Ps50bn ($961.5m) rights issue.
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Guarantors: Kingdom of Belgium (51%), Republic of France (46%) and Grand Duchy of Luxembourg (3%)