HSBC
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China Merchants Holdings (International) Company has opened books on a dual tranche offering that could raise the firm as much as $700m. -
Apple made its debut in the sterling market on Friday, targeting long maturities of 14 and 27 years as it tapped its fifth funding currency since returning to the bond markets in 2014 following a long absence.
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Beijing Capital Juda priced its first bond, raising Rmb 1.3bn ($209m) from oversubscribed three year deal that saw investors eager to gobble up a dim sum trade.
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Two Chinese issuers in the commodities sector – China Oilfield Services (COSL) and China Minmetals Corp – launched bookbuilding for dollar bonds on July 23. But there was little concern about the competition as the borrowers only looking to raise $1bn each and bankers were confident about the amount of liquidity in the market.
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The European high yield market this week saw towering deals like SoftBank’s $4.5bn and Synlab’s €1.1bn, but investors also found a place in their portfolios for smaller notes.
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Germany dominated covered bond supply this week with four banks raising €2.5bn after collecting orders of nearly €6bn in total.
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World Bank reopened the tricky 10 year part of the dollar curve this week, paving the way for further issuance at the long end by public sector borrowers.
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Guarantor: Financial Market Stabilisation Fund of the Federal Republic of Germany
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Amdipharm Mercury, the UK generic pharmaceuticals company also known as AMCo, has laid out price guidance for a €163.7m leveraged loan that will fund a bolt-on acquisition.
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Bolloré and Eurofins Scientific became the first unrated names to tap the euro market in July this week, showing that the market is back on track by drawing comfortably oversubscribed trades.
