Deutsche Bank
-
Esmalglass, a Spanish producer of ceramic glazes and inkjet inks, is seeking a €250m loan to refinance acquisition debt.
-
Halkbank is on track to price the third financial bond from Turkey this year and is out in the market with a new $500m six year bond.
-
Chinese technology giant Tencent has decided to go ahead with a Reg S/144A transaction while it was in the middle of non-deal roadshow after it wasencouraged by strong feedback from US investors and the recent robust trading sessions.
-
Clayton Dubilier & Rice launched a highly successful block trade in B&M Retail, the UK discount retailer, this evening. By 6.30pm the trade had been increased from 100m shares to 120m, and was set to be priced at the day’s closing price, making the block worth £384m.
-
Dutch software company Exact Holdings has revised pricing on its $460m acquisition debt package, as the US loan market, where it is marketing most of the debt, continues to move wider.
-
Heathrow, London's largest airport, issued a €750m 15 year class A secured bond on Tuesday, extending its euro curve by eight years. Despite the bonds arguably being priced through Heathrow's euro curve, the deal was more than three times oversubscribed.
-
Export Import Bank of Korea (Kexim) returned to the Formosa bond market with a dual tranche offering this week, about a year after its debut in Taiwan. On Monday Kexim priced a Rmb300m ($48m) five year tranche at 4.05% and a Rmb500m seven year tranche at 4.20%, two sources told GlobalRMB.
-
HKBN, or Hong Kong Broadband Network, plans to start investor education for its IPO of around $600m from Monday, February 9, according to two bankers on the transaction. Indonesia’s Mitra Keluarga is also expected to hit the road on the same day for its own listing.
-
Chinese technology giant Tencent is set to talk with US investors on conference calls this week after picking three banks for a possible bond.
-
Italy’s Servizi Assicurativi del Commericio Estero (SACE) made a last minute appearance in last week’s primary FIG market, pricing a €500m perpetual non-call 10 year subordinated bond at 25bp lower yield than initial price thoughts were set at, despite uncertain secondary markets.
-
India played host to one of its largest ever ECM transactions last Friday when Coal India completed a Rp226.13bn ($3.68bn) divestment of the government’s stake in a deal that has been two years in the making. Bankers lauded the trade and believe it will keep the momentum going for several more share sales to hit the market before India ends its fiscal year in March.
-
French investment company Wendel sold a €500m 12 year bond on Friday, having increased the deal in response to strong demand and favourable pricing.