HSBC
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Investors turned up in large numbers to take advantage of Busan Bank’s offshore bank capital debut, with the robust demand set to encourage the rare South Korean issuer to become a more frequent name in the debt market.
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Teva, the Israeli-American pharmaceutical company, has begun the dollar portion of a multi-tranche bond financing of its acquisition of Allergan's generic drugs business, with euro tranches due to follow soon.
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ICICI Prudential Life Insurance Co has kicked off investor education for its September IPO that could raise around $400m, according to a source familiar with matter.
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South Korea’s Busan Bank is looking to tie up its first Basel III compliant transaction in the offshore bond market, opening books on Monday for a dollar tier two capped at $250m.
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India’s Glenmark Pharmaceuticals is looking to make its first foray into the offshore bond market, hiring banks to organise a roadshow this week.
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Swedish car safety specialist Autoliv has refinanced a $1.1bn revolving credit facility, with two banks leaving and two joining the syndicate. Deals in the region have seen rival lenders increase their share of bookrunning volumes this year.
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Link Real Estate Investment Trust brought the first green bond from a Hong Kong corporate on Thursday, printing $500m worth of notes at a level that was considered fair value among investors.
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ICBC Asia made its debut in the additional tier one market on Thursday with a bang, netting $1bn from a deal that boasted the lowest coupon on record for an AT1 in Asia ex-Japan.
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China Railway Group, China Minmetals Corp and Greenland Hong Kong Holdings are set to hold roadshows with investors next week ahead of their respective dollar offerings.
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Monsanto’s shares moved only a little on Thursday afternoon, suggesting investors are not yet convinced by Bayer’s revelation of a new, slightly higher offer for the company, as it revives its drive to create a global leader in agricultural science.
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Emirati holding company Majid Al Futtaim (MAF) printed a $300m opportunistic tap of its May 2024s on Monday to reopen the Gulf Corporation Council bond market after Ramadan.
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Another three SSA dollar deals hit screens on Thursday, all living up to the high standards set by a multitude of predecessors this week.