Deutsche Bank
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French car hire firm Europcar Group on Tuesday sold a €125m tap of its 2022 bond in a high yield market that is longing for more single-B issuance. -
The CEEMEA bond market is in full flow as issuers jump in ahead of the FOMC meeting, Brexit vote and Ramadan. Two issuers are out with initial price thoughts and a string of others have mandated for new bonds.
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Corporate bond new issuance in Europe has eased off the accelerator, with market participants talking of oversupply in recent weeks. But two events on the horizon are exerting an influence: the Brexit referendum on June 23 and the European Central Bank’s expected start of its Corporate Sector Purchase Programme.
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Deutsche Bank, Itaú and JP Morgan will manage Argentine cable company Cablevision’s return to international bond markets, according to Lat Am DCM bankers.
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Khazanah Nasional has raised MR828.7m ($200.5m) by selling nearly 2% of its stake in IHH Healthcare, in what was the Malaysian sovereign wealth fund's first block in the company since its listing in 2012.
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Japan’s SoftBank Group Corp has blown open the equity-linked market with the launch of a $5bn bond exchangeable into shares of Alibaba Group Holdings, part of a planned $7.9bn sell-down in the e-commerce giant’s stock.
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Ghana Cocoa Board (Cocobod) will complete senior syndication of its $1.8bn annual loan and launch the general phase next week, according to a lead banker.
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Asia’s oldest bourse, the Bombay Stock Exchange, is planning to sell 30% of its share capital in an IPO by the end of the financial year, according to a notice to shareholders.
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Indonesia’s Cikarang Listrindo has allocated its Rph3.6tr ($264m) IPO to an investor base comprising mainly long-only accounts, deciding not to enlarge the float despite having enough demand, said a source with direct knowledge of the matter.
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Deutsche Bank’s co-head of supranationals, sovereigns and agencies origination and syndication has resigned after 15 years at the bank, GlobalCapital understands.
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A pair of issuers reopened the 10 year part of the dollar curve for sovereigns, supranationals and agencies this week, but despite both trades gaining plaudits there is still scepticism over whether a $2bn-plus sized deal is possible.
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