Deutsche Bank
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Gazprom has mandated five banks for a euro benchmark bond with a maturity between eight and 10 years. -
The IPO of Siemens Healthineers was covered on day one of its bookbuild on Tuesday after its parent, Siemens, set a price range designed to please potential investors in the IPO of its medical technology division.
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French lender BNP Paribas has hired Deutsche Bank’s head of Mexican corporate client coverage as managing director and country head for Mexico as it prepares to obtain a banking license in the country.
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Kommunekredit has printed a €1bn five year note — but two more SSA borrowers are lining up further out in the curve.
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The low rates in Europe are making the euro high yield market an attractive option for US issuers like Belden, a St Louis-based manufacturer of telecoms equipment, which is launching a new euro bond to buy back old deals in euros and dollars. More US issuers are coming to euros, say bankers and investors.
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Price talk for Senegal’s new euro bond prompted fierce debate on Tuesday morning. Based on guidance, syndicate bankers away from the deal questioned the cost of the deal compared with a dollar issue, though the strong pricing result in euros may have put the debate to rest.
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China Minmetals Corp’s perpetual bond sale on Monday was a demonstration of the market’s strength after a volatile few weeks, but the deal came at a cost.
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The SRI market is in full swing. Two borrowers are set to come to market on Tuesday, while a third is going on the road to promote its return to the format.
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Siemens has chosen to set a price range designed to please investors on the IPO of its medical technology division Siemens Healthineers, rather than seeking an aggressive valuation.
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UK gaming group GVC Holdings has launched a £1.9bn equivalent loan facility into general syndication, as the company edges closer to its up to £3.9bn acquisition of Ladbrokes Coral.
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Chinese after-school education provider OneSmart International Education Group has filed an IPO prospectus with the US market regulator for a New York Stock Exchange listing of up to $300m.
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On Friday, Unilever Spreads released guidance for its €4.6bn equivalent loan to fund its acquisition by KKR. French telecoms infrastructure group Circet also launched a smaller deal, a €570m loan package for its buyout by Advent. But investor demand isn't satisfied yet, say some market participants.
