Goldman Sachs

The Republic of Indonesia added yet another feather to its cap this week, selling its first SEC-registered bond on Monday. The sovereign has long been considered one of the most sophisticated debt issuers in Asia, and its new $4bn transaction shows how far it has come, writes Morgan Davis.

SSA bankers looking to get their Christmas shopping in early were in a slight state of shock on Tuesday, as World Bank lined up a dollar deal to follow a Canadian province’s return to the currency after a six year hiatus.

Indonesian power producer Paiton Energy returned to the international debt market on Monday to add another $100m to its August bonds, in a bid to extend its debt maturity profile.

The Republic of Indonesia grabbed $4bn on Monday from its first SEC-registered bond, pricing all the three tranches within its curve while also diversifying its investor base.

French insurance broker Financière CEP and UK frozen food producer Nomad Foods have launched refinancing offerings to increase the size of existing debt.

China Reform Holdings Corp, China General Nuclear Power Corp (CGNPC), Hong Kong’s Pearl Holding III and Shimao Property Holdings are among the issuers in the market with new transactions on Monday.

The Republic of Indonesia is back for its fourth outing in the international debt market this year. But the sovereign is offering something a little different to investors this time around, taking bids for its first SEC-registered bond.

Cemex, Thomas Cook, Telenet and Lowen Play injected €1.7bn of bond offerings into a visible high yield issuance pipeline already populated with Pinewood and CeramTec this week.

Greece was able to exchange more than €25bn of old bonds for new assets in an exercise designed to normalise the borrower’s curve. The offer ended on Tuesday, in the midst of discussions about the conditions that will be attached to Greece’s next tranche of emergency loans. The fresh curve should allow the borrower to return to capital markets twice in 2018.

An undisclosed shareholder has sold $114m of shares in Mail.ru, the Russian internet services company. The sale came a month after the company's co-founder Dimitry Grishin placed 4.7m global depositary receipts with institutional investors in a block trade, after numerous reverse enquiries.

Swedish speciality chemicals firm Perstorp is lining up the European high yield market’s first December deal, with a €485m two tranche bond that is expected to be priced next week.

On Thursday German telecoms company Deutsche Telekom sold its third bond with a 2024 maturity, while Italian state owned railway operator Ferrovie Dello Stato issued its first green bond.