HSBC
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Korea Resources Corp (KoRes) successfully returned to the dollar bond market on April 23 with its safe haven status drawing solid demand. But the state owned enterprise shied away from increasing the size of the deal due to the government pressure to reduce debt. -
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A first three year dollar benchmark from World Bank in several years won universal acclaim this week. But, more importantly, it showed the potential of a new bid from the US.
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European Investment Bank’s first five year Kangaroo deal for more than a year attracted strong interest from Asian investors this week.
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A pair of issuers were able to access sterling in size this week as European investors increasingly seek to buy in the currency.
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Nationwide Building Society and ASB Bank tapped the senior unsecured sterling market this week, bringing what are likely to be among the last trades in the currency before a break before the UK general election.
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UK engineering group Smiths’ second euro bond was 2.3 times oversubscribed on Thursday. The issuer is a rare name in euros, and the deal was preceded by a three day roadshow.
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German investment company JAB Holding has issued a €600m 10 year bond to refinance a term loan maturing in 2016, after securing a ratings upgrade from Standard & Poor’s.
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Turkish banks finally look set to become part of the covered bond market this year as Akbank lines up its first euro-denominated benchmark.
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US plastics manufacturer Trinseo on Thursday priced $700m of senior unsecured bonds in dollars and euros, saving at least 200bp compared with the interest on the 8.75% bond the company wants to repay.
