HSBC
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HSBC has made several changes to its Asia Pacific DCM syndicate with Carla Goudge replacing Matthias Knobloch as the head of the desk, according to an internal memo seen by GlobalCapital Asia. -
HSBC has lost its global head of loan trading, as it merges distressed and loans trading into a wider group.
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A pair of public sector borrowers were able to place larger than planned dollar benchmarks on Thursday.
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Poland has mandated four banks for a bond in euros or dollars.
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Hutchison Whampoa has completed syndication of its £6bn bridge loan for the acquisition of O2 UK. The loan will not be taken out in the bond market until the acquisition is completed.
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Malaysia’s Sunway Construction Group priced its MR478.44m ($127.60m) listing at the top of expectations on July 6, with strong local interest supporting the trade even as volatility hit equities in Hong Kong and China.
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Sri Lankan conglomerate John Keells has returned for its resort project financing, cutting the loan size by $50m to $395m in its second attempt. The original $445m facility was delayed after the incoming government in Sri Lanka changed rules on casino licences, which meant banks had to rethink the loan, taking into account the absence of casino revenues.
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Two Italian companies have announced plans for debt buybacks, with Finmeccanica and Telecom Italia both expected to complete tender offers next week.
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Petrochemical firm Thai Oil has mandated HSBC and Standard Chartered for a series of investor meeting starting on July 13.
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The Chinese property sector landed in the euro bond market for the first time on July 7, with China Overseas Land & Investment (Coli) raising €600m ($660m) from a four year offering.
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A public sector borrower eked out €500m of tightly priced euro supply on Tuesday, as activity in the currency was subdued while market participants digested the latest news on Greece’s bail-out negotiations.
