HSBC
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UK energy company Centrica has sold its first hybrid bonds, as prospects for issuance of the subordinated instruments remains strong. -
Taiwan’s TPK Holding raised $384m from a simultaneous convertible bond and placement of shares, this week, bringing welcome relief to the equity-linked drought in Asia ex-Japan. The overwhelming investor response and solid aftermarket performance proved there is a hunger for paper, writes Rashmi Kumar. But the market is only open for the right names at the right terms, bankers warned.
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Hong Kong has picked banks for the follow-up to its record-setting debut sukuk.
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Two big loans to back European acquisitions by Asian borrowers have underscored the strong appetite in the region for outbound M&A. But the deals may not help syndicated loan volumes in Asia. They are likely to be mostly sold into the European market, where there has been pricing compression, writes Shruti Chaturvedi.
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Scentre, the Australian company that owns and operates the Westfield shopping centres in Australia and New Zealand, has issued a £400m seven year bond.
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Dutch grain trader Nidera is still arranging an $800m loan that has been in the market for at least three months.
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Commodities trader Glencore is in talks to refinance $15.3bn of credit facilities with at least 69 banks, according to a banker on the deal.
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Royal DSM, the Dutch chemical company, has issued a €500m 10 year bond.
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Stada, the unrated German generic and branded drugs maker, issued a €300m seven year bond on Tuesday, but failed to tighten the pricing, in tough market conditions.
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Chinese department store operator Golden Eagle Retail is due to hit the market for a $400m three year bullet. Eight mandated lead arrangers and bookrunners are helming the deal.
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National Bank of Kuwait is marketing its first Basel III compliant additional tier one security at high 5% area. This is BNK’s first appearance in the international market since 2002.
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