HSBC
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European Investment Bank slipped into the sterling market on Tuesday to tap its December 2023 notes for another £350m, as issuers continue to push through deals in the currency while the going is good. -
Tottenham Hotspur, the north London football club, is considering selling US private placements to partly pay off bank loans generated by the construction of its new stadium, several market participants have said. Unlike their US equivalents in the NBA and NFL, professional clubs from the UK are a rarity in the market, as the threat of relegation makes them too perilous an investment to some investors. Silas Brown reports.
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Just two Asian borrowers visited the international debt market on Monday, raising nearly a combined $800m ahead of the public holiday on May 1.
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Duiba Group has completed its second attempt at listing on the Hong Kong Stock Exchange.
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Denmark’s Bunker Holding has signed a multi tranche revolving credit facility totaling $1bn, as the shipping fuel and lubrication oils company prepares for a “paradigm shift” headed for its industry.
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Spain’s Merlin Properties has signed a €1.55bn sustainability linked loan, with the real estate company becoming the latest in a long line of names to add green and social elements to their bank funding.
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Brazilian meatpacker Marfrig will meet US bond investors next week as it looks to take condition of plentiful demand for assets to finance a buy-back of existing bonds.
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Chinese software company Duiba Group will complete its Hong Kong IPO after local markets close on Monday with bookrunners indicating a final price in the lower half of the guidance range.
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Tesco issued a new £400m six year bond, to fund a tender for bonds from eight older issues, and saw blow-out demand of £3.3bn, as the UK supermarket heads back towards investment grade status.
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Ontario Municipal Employees Retirement System (Omers) printed its debut dollar trade on Thursday, with the issuer expected to return to the market at least once a year.
