Deutsche Bank
-
Korea Hydro & Nuclear Power (KHNP) has mandated five banks to arrange a series of fixed income meetings that is scheduled to kick off from September 8. -
Haitong International Securities Group started receiving orders for a dollar bond on September 3, nearly a year since it made its international debut with a $900m 2018 paper.
-
The Coca-Cola Co, the Atlanta-based multinational soft drinks producer, has named bookrunners for a possible euro bond. Unlike some of its related bottling companies, Coca-Cola is a very rare issuer in euros, with no deals outstanding.
-
Mobile phone maker Xiaomi has opened its $1bn dual tranche loan into general on Tuesday afternoon, after cementing a bookrunner and mandated lead arranger group of 20 banks.
-
Bankers adopted a more tactical strategy for Korea Development Bank’s new 5.5 year, choosing to announce the deal in the Asian afternoon on September 2 in a bid to focus more on US investors. However, demand has not lived up to expectations in the face of competing market supply and tight Korean credit spreads.
-
Agricultural Bank of China (ABC) Dubai Branch is set to launch its debut renminbi-denominated bond this week, two bankers close to the deal have told GlobalRMB. The deal will mark the first offshore RMB bond from the UAE operation of a Chinese bank and paves the way for Dubai to become the RMB hub for the Middle East region.
-
Emirates NBD has announced a roadshow for a perpetual tier one bond. But the bond will not be structured with the aim of being Basel III complaint, which sparked debate among bankers on and off the deal.
-
Deutsche Bank is set to make a quick start to September’s deal flow on Monday with the issuer circulating initial price thoughts for a new seven year print. The deal is expected to draw strong demand — much like a recent floating rate print from the issuer — as a result of expectations of low supply this autumn and an attractive premium over secondaries.
-
The Indian government has started holding investor roadshows which will seek investors’ interest for the sale of shares in Steel Authority of India Ltd (Sail) even though the meetings are being described as non-deal by bankers.
-
E-commerce firm Alibaba Group, which was expected to open books for a jumbo IPO on September 2, has decided to push back bookbuilding by a week. This is bad news for other issuers sitting on the sidelines as they will have to wait slightly longer before they go ahead with their own listings.
-
Haitong International Securities Group will be meeting investors for what could be the first borrower’s first bond with a credit rating. The Hong Kong borrower made its international debut in October 2013 when it printed a $900m five year.
-
