HSBC
-
Sunrise Medical, a German wheelchair maker, will hold a bank meeting on Friday to market a €315m acquisition loan. Like many leveraged finance borrowers this year, it has preplaced the second lien.
-
HSBC and Cooperative Bank braved an uncertain market on Wednesday morning to launch tier two paper, but it is clear that with investors still nervous clearing the pipeline is going to be expensive.
-
UBS is on track to print a five year senior note and had orders approaching €2bn for the third drive-by trade of the week.
-
Colombian state oil company Ecopetrol on Tuesday made its much anticipated return to bond markets for the first time since oil prices began to plunge, and priced a solid deal amid headwinds.
-
Korea Resources Corp (KoRes) has successfully secured an additional funding of $120m with a tap to its existing notes, while China SCE Property opened books for its first outing to the dollar bond market in two and a half years.
-
Singapore Telecommunications (Singtel) raised $500m through a 10 year bond on June 23, pulling off a big coup by not only pricing the deal tightly but also finding an opportune window to execute its trade.
-
Bank of China has opened books for what will be landmark deal issued in four different currencies in the same day. However, some investors decided not to jump into the deal, thinking that the issuer came out with too tight pricing from the beginning.
-
Export-Import Bank of Korea (Kexim) completed its return to dollars in style this week, selling a SEC registered dual tranche deal that drew over $2bn of demand. Amid a high level of volatility due to concerns over Greece, bankers chose a good window for the Korean policy bank, which was able to meet its size and pricing goals.
-
Bond issuers in Asia are rushing out to meet investors with Beijing Energy Investment Holding (BEIH), China Overseas Land International and Shanghai Construction Group on the road.
-
Women’s clothing maker E-Land World has increased the size of its latest fundraising to $300m, from $200m as Gulf, Hong Kong and Taiwan lenders threw their weight behind the deal, allowing the borrower to benefit from the excess liquidity.
-
Details on the margin for Bank Rakyat Indonesia’s (BRI) $550m borrowing have come to light. Although at this point the loan is likely to wind up as a club, some banks are keeping the possibility of further syndication open.
-
The Government of Mongolia has opened books to its debut dim sum bond on the morning of June 24. The country intends to be a regular in the currency and expects to be more active in the offshore bond market once its rating is upgraded, according to the country’s minister of finance and central bank governor.