Deutsche Bank
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Chinese search engine company Baidu is tapping the Asian syndicated loan market for the first time, opening a $1bn dual-trancher to lenders. It is offering close to what peers paid on recent loans, despite its more concentrated business model, but there is speculation it could be lining up an acquisition, writes Shruti Chaturvedi. -
Indian company Shriram Transport Finance is holding conversations with banks for a rupee denominated offshore syndicated loan — the first of its kind. The talks follow a change in guidelines late last year for overseas debt raising, as the central bank encourages the development of the Masala market.
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US Circuit judge Christopher Droney removed the final obstacle in Argentina’s path to markets on Wednesday, provoking a rally in the government’s that could scarcely have been better timed.
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A trio of public sector borrowers comfortably printed at the long end of the euro curve on Wednesday, but the deals suggested a slowdown in demand after a bumper April for the currency.
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Deutsche Bank has hired James Boyle from Citi to be head of equities for Asia Pacific after Rob Ebert retires from the role.
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Forterra, the UK maker of bricks and concrete blocks owned by Lone Star, began the bookbuild for its London IPO on Tuesday, hoping to raise up to £220m.
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The bookbuild began on Tuesday for the Paris IPO of Mediawan, a special purpose acquisition company (Spac) set up by three big hitters of French business to buy media and entertainment businesses.
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A hungry euro market gorged on deals from France and the European Union on Tuesday, instilling confidence that a trio of trades on Wednesday’s menu will go well — despite two of them being in the same tenor.
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More details have emerged on a $405m loan being underwritten by three banks to fund Blackstone’s purchase of a stake in Indian fintech firm Mphasis.
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Chinese search engine company Baidu is dipping its toes into the international loan market for a $1bn debut fundraising, following in the heels of other technology majors like Alibaba Group and Tencent.
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BMW issued a €1.5bn dual tranche bond on Monday, nine weeks after selling its first public bond of the year. The improvement in market conditions since then was clearly visible, according to a banker away from the deal, as the issuer racked up twice the order volume this time.
