HSBC
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First Abu Dhabi Bank has courted Taiwanese investors yet again, this time raising $900m from a Formosa bond. -
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The board of BCA Marketplace, a UK secondhand car dealer, announced on Wednesday that it would recommend a £1.9bn offer from TDR Capital to take the company private. The deal marks a coup for Jefferies, which is lead financial adviser to BCA, a role it won following the hire of a UK M&A team from HSBC last year led by Philip Noblet.
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Rates are low and keep getting lower, so investors are having to turn to higher yielding forms of debt to put their money to work and get a respectable return. Issuers, particularly in the Middle East, are happy to oblige as far as their regulatory capital needs will allow.
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The European Union (EU) began its funding for the year on Wednesday, later than other public sector borrowers. With a €250m syndication to finance disbursements to Tunisia and Jordan as it adapts to a smaller borrowing programme.
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Phil Lipton, a veteran banker who is a well-known figure in Asia’s syndicated loans market, has left HSBC, bringing an end to a 15-year career at the firm. Pan Yue and Rashmi Kumar report.
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Motability Operations Group, the UK company that operates the UK government's scheme to provide cars for the disabled, printed a £1.438bn-equivalent euro and sterling three tranche bond on Wednesday, in a busy day that also brought a €1bn two part issue from OMV, the Austrian oil and gas company.
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The board of BCA Marketplace, a UK second hand car trading website, announced on Wednesday that it would recommend a £1.9bn offer from TDR Capital to take the company private. BCA owns the WeBuyAnyCar.com website.
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Broader volatility could not interrupt Latin America’s rediscovered bond market momentum, as Mexican real estate investment trust (REIT) Fibra Uno tapped international investors for the first time in three years on Tuesday.
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Prologis European Logistics Reit, the A3/A- rated warehouse real estate investment trust, returned with its second green bond on Tuesday, having issued its first in March 2018.
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France’s Korian has amended and extended its bank facility, with the nursing home operator cutting the size to €1bn and a chunky wedge off the margin.
