HSBC
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Hong Kong listed Chinese company Texhong Textile Group has opened up a $90m three year fundraising, picking three banks as leads. -
HSBC is preparing for a rise in distressed debt situations in Asia, hiring Sergio Morita as its first head of sourcing in the region. The bank expects more opportunities in special situations and distressed debt will arise from the increased stress on Asian companies following the downturn in commodity prices and defaults in China’s property sector.
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Caisse d'Amortissement de la Dette Sociale is set for a market first this week, after mandating banks on Monday for what will be the first offshore renminbi bond from a French public sector issuer.
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Hong Kong's Hutchison Whampoa has engaged HSBC as M&A adviser as it seeks £6bn of loans to buy UK mobile phone operator O2 for £10.25bn ($15.4bn) from Telefónica of Spain.
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One of the most anticipated high yield bond issues of the year so far, Altice’s transaction to refinance its buyout of Portugal Telecom, is set to be priced today (Friday), and bankers believe it will confirm the market's vigorous health at the start of 2015.
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International Container Terminal Services Inc (ICTSI) has convinced more than half of the holders of its outstanding subordinated perpetual bonds to exchange for senior perp as part of a liability management exercise by the Philippine company.
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Taiwanese computer casings maker Casetek’s $300m three year financing has attracted five banks in syndication.
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Five covered bond borrowers issued benchmark deals in the first half of this week, fearing potential volatility from Thursday's European Central Bank announcement on its sovereign quantitative easing programme.
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While US borrowers dominated senior unsecured issuance this week, Dutch lender NIBC Bank was also able to return to the euro senior unsecured market after an absence of almost three years.
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Russian Standard Bank is making a second attempt to secure investor support for its capital update after failing to generate enough interest first time round. RSB re-launched the consent solicitation for its 10.75% 2018s on January 19.
