Deutsche Bank
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CABB, the German speciality chemicals firm, raised €585m of bonds on Friday to back its takeover by Permira, taking the company’s leverage ratio to its highest level yet. -
Financiera Independencia (Findep) and Empresas ICA have both followed up new bond issues with strong responses to tender offers for outstanding notes as LatAm borrowers continue to capitalise on strong conditions and low rates to refinance existing debt.
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If América Móvil can’t, no one can. That is the message from Latin American DCM bankers and bond buyers as the Mexican telco prepares to bring back local currency issuance to the region with the first reopening of its innovative títulos de crédito extranjero programme in more than a year.
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Wells Fargo continued the slew of big ticket issuance from financial names with a $4.5bn deal that pushed its total dollar funding in the past six weeks beyond $8bn.
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French insurer CNP Assurances highlighted the scale of demand for sub debt from insurance companies on Tuesday, drawing a monster order book for its first deal in almost a year.
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Andrew Jarman, who was European head of high yield credit trading at Deutsche Bank, has joined Mizuho in the same role as part of the firm's build out in leveraged products, writes Hazel Sheffield.
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Renewed appetite for India following the Bharatiya Janata Party (BJP)’s resounding victory in the country’s recent elections helped Syndicate Bank’s 5.5 year bond to price well inside its existing curve on Wednesday.
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Chinese car maker BYD Company’s strategy to focus on size rather than price helped it raise HK$4.3bn ($550m) from the issuance of primary shares on May 23, an increase from the target of HK$3.2bn. Books were covered before launch, but the company still priced the trade at the bottom of its marketed range.
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Logan Property Holdings printed its inaugural international issue, a five year non-call three dollar bond, on Tuesday. Dealers brought the high yield borrower to the market after seeing reduced headwinds to Chinese property.
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It has been slow going but Giant Interactive’s $850m five year leveraged buyout financing is gaining traction in general syndication, with commitments from three Taiwanese lenders, one of which has joined at the highest ticket level.
