HSBC
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Embassy Office Parks Real Estate Investment Trust (Reit) has launched a three-day public bookbuilding for its IPO after placing nearly half of the public offer with anchor investors. -
Citi names capital markets boss as India head — HSBC banking exec to retire — SSGA names China head — HKEX set to launch MSCI China futures
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Interserve, one of the largest outsourcing companies in the UK, plans to file for administration after shareholders rejected a proposed debt for equity swap at a general meeting on Friday.
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China National Travel Service Group Corp made a rare visit to the to the bond market, raising $500m from a deal that was priced inside fair value and continued to grind tighter in the secondary market on the first day of trading.
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Bank of Communications Hong Kong branch has raised over $1.6bn from bonds in three different currencies. The pricing of its US dollar floating rate tranche defied market expectations.
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Keppel Infrastructure Trust (KIT) has raised S$500.8m ($369.8m) after more than doubling the size of an equity fundraising and trimming a concurrent private placement.
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The exceptionally strong demand in Europe’s corporate bond market has remained unaffected by the turmoil in the UK’s Parliament, as MPs vote night after night on repeated motions that could determine the country’s future inside or outside Europe. On Thursday, two issuers attracted huge books: Marsh & McLennan Companies, the US insurance and investment services group making its debut in euros, and Incommunities Group, a Leeds-based housing association, in sterling.
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European high yield investors are as eager to buy bonds as their investment grade counterparts — the difference is, while IG issuers have been pouring paper into the market, high yield has been in a drought. But that is at last starting to break.
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India’s equity capital market is on edge as Embassy Office Parks Real Estate Investment Trust prepares the country’s first Reit IPO. But while the hotly-anticipated listing has global institutional investors chomping at the bit, the deal may be a one-off treat as the issuer has very few peers.
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China’s industrial gas supplier Yingde Gases Group has launched a $300m borrowing into general syndication.
