HSBC
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Nestlé, the Swiss foods group, on Wednesday seized the opportunity of a stable and empty market to issue a €500m seven year bond, paying a tiny new issue premium and achieving what one banker said was a record low yield. -
French professional clothing firm Elis has put its planned initial public offering on hold, joining the growing ranks of European businesses delaying equity deals as a result of weak markets.
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Indonesian power company Pertamina, which mandated 12 lenders for its $1.8bn five year loan, will fund a portion of the financing onshore.
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Aircraft leasing company BOC Aviation is in the market with a new four year dim sum, following hot on the heels of an offshore renminbi bond from Hong Kong Airlines.
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Chilean copper Codelco led the way on a busy Tuesday in LatAm bond markets with a 30 year issue that came tight to its own curve and showed that investors are comfortable the US Federal Open Markets Committee will not spring any surprises regarding rates increase at its meeting on Wednesday.
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Hutchison Whampoa showed off its impeccable access to bond markets today by selling dollar and euro bonds in the same day, and raising $5.4bn with heavily oversubscribed books.
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British Columbia raised Rmb3bn ($490.7m) with its second ever dim sum bond on Tuesday.
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The UK Debt Management Office was able to attract its largest order book in an ultra-long syndication during an hour long book build on a tap of the 2068 Gilt — despite the tap coming at a sub-3% coupon and following weeks of volatility in the Gilt market. The deal leaves the UK DMO with one syndication left this financial year.
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NRW.Bank’s decision to tweak its approach to green bonds looks to have paid off with its second ever deal in the format on Tuesday, as the agency priced a bond that one lead said was through its secondary curve. But factors other than its attempt to woo dedicated green investors may also have been at play, said the banker.
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Amdipharm Mercury (AMCo), the UK generic pharmaceuticals group owned by Cinven, has widened pricing on its £984m refinancing and recapitalisation loan, as investors question a £420m dividend for its owners.
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Unrated Tewoo Group managed to make its debut in the bond market on October 27 thanks in large part to a standby letter of credit (SBLC) provided by one of the joint global co-ordinators on the trade.
