Deutsche Bank
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Delphi Corp, the car parts manufacturer spun out of General Motors in 1999, issued its first euro bond on Monday, a €500m 10 year.
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The management team of India’s VRL Logistics started meeting investors on Monday, March 2, for its listing on the country’s National and Bombay stock exchanges, in an IPO which will raise $60m to $70m from investors.
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Privately-owned Indonesian palm oil producer Royal Industries launched its $500m dual tranche fundraising into general syndication on February 27. Interested banks have the option of joining offshore or onshore.
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Asiamoney is pleased to announce the winners of the 2014 Australia Awards. After suggestions by bankers from global and domestic institutions, we weighed the most impressive deals and banks in the market last year. The decisions were not always easy, but we hope to have picked a series of winners that truly highlight the breadth of potential in Australia's capital market. It was a good year for the overall market; it was a great year for the winners below.
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Property developer Country Garden Holdings has made a dash for the dollar market, pricing a 5NC3 bond one day after the end of the Chinese New Year holidays. The timing worked out well for the issuer, as the lack of competing supply meant it was able to generate a more than five times covered order book to print a $900m bond.
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Malaysian conglomerate Sime Darby is putting off the listing of its automobile arm Sime Darby Motors to the second half of the year pending an improvement in earnings.
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Six European covered bond borrowers launched deals worth a total €5bn this week and, despite setting new spread records, all were easily digested and performed well.
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Ivory Coast paid a lower new issue premium than expected to re-open the sub-Saharan sovereign bond market this week, sparking debate on the implications for other African borrowers.
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A trio of issuers took advantage of a lack of senior supply this week to price deals with drastically reduced new issue premiums compared to January.
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The State Oil Company of the Azerbaijan Republic (Socar) has mandated two banks to arrange its next Eurobond.
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AT&T, the US mobile phone service provider, returned to the euro bond market on Monday, issuing €2.5bn in 8.5 and 20 year tranches.
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Mexico has released price guidance for a €2bn dual tranche note with the deal over two and a half times subscribed.