Deutsche Bank
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Danaher Corp, the US healthcare technology group, issued a €850m dual tranche bond on Monday and the latest reverse Yankee issuer found strong demand for both tranches, resulting in minimal new issue concessions.
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Reckitt Benckiser racked up $16bn in orders as it printed a four tranche bond to fund its purchase of US baby food maker Mead Johnson in an otherwise subdued week for corporate issuers in the US.
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BNP Paribas has hired a banker for its AFS syndicate operation, which covers asset-backed products, infrastructure, whole loans, project finance, reserve-based finance and other areas.
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Ferrovie dello Stato Italiane was the only issuer in the corporate bond market on Thursday. The Italian railway operator's eight year €1bn deal followed a European roadshow last week and took a similar path to other deals this week. -
India’s Federal Bank is set to raise up to Rp25bn ($386.9m) after tapping the equity market via a qualified institutional placement.
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Kaisa Group Holdings, the only Chinese developer to default on offshore debt back in 2015, started taking bids on Thursday for the new issuance portion of an exchange offer. Four sets of fixed rate notes will be sold to replace the company’s outstanding variable rate senior bonds.
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Allied Irish Banks again tightened guidance on its London and Dublin IPO this evening, moving the lower and upper limits to €4.30 to €4.50 a share.
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Two more dual tranche bond deals were priced in euros on Wednesday. BP followed a similar path to previous issues this week, printing eight year and 12 year tranches. However Safran, the French defence company, printed two year and four year floating rate notes.
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Allied Irish Banks has narrowed the price range on its IPO, having attracted a strong response from investors. The flotation is now likely to raise €3.1bn at the upper end of the range.
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CVC flexed its buyout muscles again this week, buying two European tech companies for more than €1bn, while Blackstone has agreed to a joint venture for its recently acquired cigarette filter making business Rhodia Acetow with a unit of US chemicals firm Celanese.
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High-end solar panel maker REC Solar has tasted success with its first Asian syndicated loan attracting enough demand for it to raise $330m after exercising a $25m greenshoe.
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Danaher Corp, the US healthcare technology group, issued a €850m dual tranche bond on Monday. The latest Reverse Yankee issuer found strong demand for both tranches, resulting in minimal new issue concessions.
