Deutsche Bank
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Suez Environnement, the French water and waste management group, is aiming to issue a new hybrid capital bond to refinance its €750m hybrid from 2010, which becomes callable in September 2015. -
Dalian based real estate developer Yida Property is set to start the premarketing process for a $250m IPO on June 10, according to a banker close to the transaction.
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Indian Oil launched its $650m five year loan into syndication on Friday after adding five mandated lead arrangers and bookrunners to the existing nine.
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Lead managers of Ryanair’s debut bond are looking at a very wide range of other credits as possible pricing references for the deal, because the issuer is almost unique – an airline with strong ratings.
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Solar panel manufacturer Trina Solar successfully raised a combined $247m by pricing a concurrent placement and convertible bond offering on June 6 despite a turbulent market backdrop as Chinese solar companies were slapped with new import taxes by the US.
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Irish credits’ appeal in the vanguard of the European recovery was underscored this week as Bank of Ireland attracted more than €5bn of orders for a new subordinated debt issue. The country’s first euro benchmark tier two since the crisis, the 10 year non-call five offering smashed through the lender’s previous pricing — and may well rank as the tightest Irish bank deal of its type, according to bankers.
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The State of North Rhine Westphalia crowned a week of dollar issuance with a return to fixed rate benchmark issuance in the currency after a near four year hiatus. The move came in a week when more frequent issuers were able to attract demand even at very tight levels.
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CABB, the German speciality chemicals firm, issued €585m of bonds last Friday (May 30) to back its takeover by Permira, pushing the company’s leverage ratio to its highest level yet.
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OP Mortgage Bank on Wednesday returned for the second time this year to issue a €1bn five year covered bond. Despite pricing at the tightest spread for any Finnish transaction in the last five years and with a negligible new issue premium, it still attracted a robust level of oversubscription.
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América Móvil’s reopening of the local currency new issue market in Latin America this week is unlikely to trigger a surge in issuance — despite strong interest from issuers and participation from international buyers.
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Dimitrios Kavvathas, who was hired by VTB Capital in Hong Kong as global head of markets Asia in October 2013, is leaving the Russian bank, GlobalCapital Asia understands.
