HSBC
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Abengoa, the Spanish engineering and renewable energy firm, on Thursday ticked the savings box with €375m of senior unsecured notes that achieved final terms below the 8.5% 2016 bond they are set to repay. -
Top Right, the UK information and events group owned by Apax, has allocated its £435m-equivalent refinancing loan with a small change to the deal’s dollar tranche.
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Bahrain’s Ahli United Bank has mandated Goldman Sachs, HSBC and Morgan Stanley to arrange a tier one dollar bond.
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Malaysia’s RHB Capital has mooted an MR2.5bn ($687.81m) fundraising to help it meet Basel III and funding requirements. The bank is also proposing an extensive internal restructuring that will see it transfer its listing status to RHB Bank.
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China Communications Construction Co (CCCC) has opened books to its maiden deal in the international bond market, having chosen a rare senior perp structure for a debut issue.
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Formosa Plastics Group started taking orders for its return to the dollar as it opened books to a 10 year bond on Tuesday, April 14. Despite the crowded pipeline in the Asian bond market, bookbuilding has been smooth as the deal is driven by strong indications of interest.
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HSBC has appointed a new head of payments and cash managements to its China operations.
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German printing equipment maker Heidelberger Druckmaschinen announced a €200m bond issue on Monday that is rated Caa1/CCC+.
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Pennsylvania’s Trinseo, a plastics manufacturer, wants to issue $750m of unsecured notes, including a euro tranche, to repay its 8.75% bond sold in 2013.
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Île-de-France is set to sell its second ever socially responsible bond on Tuesday, announcing a trade soon after a sustainability bond from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) on Monday.
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Top Right, the UK information and events group, expects to allocate its £435m-equivalent refinancing loan this afternoon (Monday), with pricing at the wide end of initial guidance.
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Moy Park, the UK poultry producer, wants to tap its £200m debut high yield bond for £100m, in order to pay a dividend to its parent company, Marfrig of Brazil.
