HSBC
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Procter & Gamble, the US consumer goods company, brought a €1.25bn bond issue to the European market on Tuesday, bringing life to an otherwise moribund reverse Yankee market.
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Just two and a half years after receiving a €10bn bailout from the Troika, Republic of Cyprus proved its capital markets rehabilitation is complete on Tuesday, by issuing a rare €1bn combined syndication and switch offer, writes Virginia Furness. -
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Credit Suisse has added two teams of 11 banks to the underwriting syndicate for its Sfr4.7bn rights issue, after announcing Citigroup, HSBC and Société Générale as the lead underwriters last week.
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In a rare move, China International Capital Corp (CICC) has named all 11 banks working on its HK$6.29bn ($811.61m) high-profile Hong Kong IPO as joint global co-ordinators. But instead of sparking a turf war among its syndicate, the move has won praise from bankers on the trade. John Loh reports.
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Sri Lanka had to pay up to get its second dollar bond of the year across the line this week, but the money left on the table was more than worth it as the sovereign ended up raising $1.5bn, a record for the country.
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China Huarong Asset Management pulled off a HK$17.83bn ($2.30bn) IPO on October 22, pricing one of Hong Kong’s largest listings this year just a few cents off the bottom of the initial range. But the price tag ignited debate about whether the issuer was pushing its luck.
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Primary bond activity in Asia picked up again on Thursday following the end of the meeting of the Federal Open Market Committee (FOMC), with a pair of Chinese issuers launching separate deals in dollars and euros.
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Two SSAs tapped the middle of the euro curve on Wednesday, a move about to be copied by another agency which is set to bring a five year deal on Thursday.
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Camelia Robu and Paramvir Sethi, two senior leveraged finance bankers previously with Deutsche Bank, will take on new roles in December at HSBC’s leveraged and acquisition finance unit in London.
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Swedish lender Swedbank kept Australian dollar supply ticking over on Tuesday, pricing its first bond in the currency since 2008.
