HSBC
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On Friday Nestlé extended by a year €5bn five year revolving credit facility it had signed in October 2013. The Swiss foods producer also replaced a €5bn-equivalent short term facility with a new facility of €6bn.
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The Socialist Republic of Vietnam made a rare appearance in the international debt market on November 6, selling a $1bn 10 year bond that was a blowout with investors. The oversubscription allowed the sovereign to switch large chunks of investors out of costlier existing debt and into the new trade.
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HNA Group, the owner of Hainan Airlines, priced the group’s third bond in three weeks on Thursday. The deal follows Hong Kong Airlines and Hainan Airlines which issued dim sum and Singapore dollars respectively.
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Malaysia’s Sunway is expecting to raise around $200m from the IPO of its construction unit, after first announcing the plans back in September.
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Reliance Jio Infocomm’s $1.5bn dual tranche loan that opened in September has received around $280m in commitments from five lenders during general syndication. At least five more banks are processing approvals for the loan and the deadline for commitments has been extended to November 24 to allow them to come in.
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Corporacion Andina de Fomento (CAF) extended its Swiss franc curve to January 2028 on Wednesday in the longest deal in the currency by a non-Swiss borrower since April 2013.
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Council of Europe crowned a week of tightly priced deals from high quality issuers in dollars with the first benchmark to reach the five year point of the curve since the dollar market was engulfed in volatility in mid-October. Sweden kicked off proceedings with an oversubscribed three year that came at the deepest level through mid-swaps for a deal of that tenor all year.
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Amdipharm Mercury, the UK generic pharmaceuticals company, has reduced the size of its £984m refinancing and recapitalisation loan and split the debt into amortising and bullet tranches.
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Saudi Arabia’s National Commercial Bank on Sunday closed the offer period for its Sr22.5bn ($6bn) fixed price IPO, having attracted huge demand from its local retail market.
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United Internet — Marine Harvest — Heathrow
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The European Central Bank's covered bond purchase programme (CBPP3) turned relative value upside down this week, with a French deal pricing inside a similar Swedish offering, among a crop of four new issues.
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Abengoa Yield, the contracted asset holding company controlled by Abengoa, the Spanish renewable energy company, has launched its first bond since it was listed on Nasdaq in June.