HSBC
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Unrated China Minsheng Investment (CMI) successfully raised $500m through a bond on Wednesday, pricing the trade near fair value despite the absence of relevant comparables.
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A string of dollar issuance from public sector borrowers is set to extend into Wednesday, as Belgium mandated in the currency following a pair of deals from an agency and a supranational.
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The Gilt market on Tuesday once again highlighted its immunity to concerns around the UK's vote to leave the EU, as the Debt Management Office conducted a trademark smooth execution with a tap of its 0.125% November 2065 inflation-linked bond.
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Heathrow Airport came out of its earnings blackout to issue a benchmark 33 year sterling bond from its secured funding programme on Tuesday, clinching a minimal new issue premium.
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Vodafone paid its second trip to the European corporate bond market in a year on Tuesday, issuing a €1bn 15 year deal and entertaining the possibility of a 30 year trade.
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Hansteen, the UK-headquartered real estate investment trust (REIT), has agreed a new £330m credit facility with three banks, including one new lender.
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Mapletree Commercial Trust has opened books on a S$1.02bn ($751.3m) dual tranche equity fundraising that is being conducted via an overnight share sale and preferential offering.
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Glenmark Pharmaceuticals sealed its debut $200m international bond at a yield of 4.5% on Monday, which bankers on the deal said was the tightest pricing achieved by an Indian high yield name.
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CDB Capital, a wholly-owned subsidiary of China Development Bank Corp, is looking to raise as much as $500m from a new deal while unrated China Minsheng Investment Corp has returned for a three year bond, with both relying on keepwell structures.
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Kookmin Bank opted for an unusual three year bond this week to diversify its funding avenues. The bond found strong interest from offshore accounts eager to get their hands on the new deal, allowing the lender to price inside fair value.
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Singapore’s Noble Group has sown up its S$719m ($522m) rights offering with a 173.7% oversubscription, according to a stock exchange filing on Monday.
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A stream of dollar issuance over the last few weeks looks like it will keep flowing right into this Wednesday’s US Federal Reserve meeting, after a pair of borrowers mandated on Monday for no-grow $1bn deals.