HSBC
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Minor International Public Co, a Thai hotel operator, closed a $300m transaction on Monday as part of a liability management exercise. -
Korea Investment & Securities marketed a three year and a five year bond on Monday, raising a combined $600m.
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Private equity firm Blackstone is raising $1.1bn to support its purchase of a stake in Indian IT company Mphasis. The deal is set to be the largest leveraged buyout loan in the country — and comes with a group of 13 bookrunners at the top. Pan Yue reports.
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Toyota Motor Finance Netherlands, the Dutch arm of the Japanese car company’s credit division, on Monday became the latest issuer to hit the red hot sterling bond market, parking a chunky single tranche trade in the currency.
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Two public sector borrowers hit the primary euro market on Thursday, with the International Development Association selling its biggest ever bond in the currency and France’s Action Logement Services extending its curve with just its second ever trade.
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A trio of green labelled debuts attracted “slim” demand on Wednesday, as the three senior deals had to compete with a flurry of other trades for a slice of the shrinking pre-summer investor pool.
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France’s Action Logement Services (ALS) is preparing to issue its second ever bond, after making its debut in the capital markets in October 2019.
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Sino-Ocean Group Holding was forced to pay up for its green bond this week, as weakened sentiment around Chinese high yield property credits spilled into the investment grade market.
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Hongkong Land Co sold its debut $500m green bond on Tuesday, with support from ESG focused investors helping it achieve tight pricing.
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BOC Aviation, the aircraft leasing arm of Bank of China, has launched a $750m borrowing into general syndication.
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A recent lull in dollar bond supply from Indian corporations meant investors rushed to buy REC’s $400m deal on Tuesday, with the electricity company leveraging the demand to price inside of fair value.
