HSBC
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NRW.Bank has freshened its approach with its second ever green bond, which is set to be priced on Tuesday after the issuer mandated banks for the €500m no grow four year deal on Monday afternoon.
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Fresenius Medical Care priced its $900m senior unsecured high yield issue in the 144A market on Friday October 24.
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The Vietnamese sovereign has revived its plans for a sovereign bond, mandating the same banks that took it on roadshows back in April 2013 for a new series of investor meetings, with a 144a/Reg S transaction now looking closer than ever.
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Korea Expressway Corporation, China Travel Service (CTS) and Tewoo Group are all out in the market with new dollar bonds. The Korean government related issuer (GRI) was last seen in April this year and adds to a relatively busy month for Korean issuers. CTS, on the other hand, has not been in the market since 1996.
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Hong Kong listed Agile Property Holdings has reached an agreement with its lenders to extend the maturity on a portion of a $475m facility the company sealed in early April that was to fall due in December.
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Government-owned Chilean oil company Empresa Nacional de Petróleo (Enap) could make it four new issues in four business days for Chilean corporates on Monday after E-CL ensured LatAm bond markets ended the week on a high with its long-awaited new issue on Friday.
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Chinese broker Citic Securities Company tapped the offshore market with a dollar bond on October 23 that was drawn from a $3bn MTN programme. Even though it coincided with a slew of other transactions, the issuer still managed to get a good result, pricing through its closest comparable.
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Hanjin International priced what bankers said was the first public bond to be issued with a guarantee from the Export-Import Bank of Korea (Kexim).
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Stockland, one of Australia’s largest property developers, on Thursday launched the first green bond from an Australian issuer. The €300m bond, rated A-, was sold into a European market that had recovered well from a bout of turbulence last week, and was fully placed with high quality investors. But it was no blowout.
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The primary covered bond market picked up after a week without any issuance, just as the European Central Bank’s third covered bond purchase programme (CBPP3) got underway. All four deals issued this week were ineligible for the programme which, from a pricing perspective, made more a difference than their preferential treatment under newly established liquidity rules.
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Stockland, one of Australia’s largest property developers, on Thursday launched the first green bond from an Australian issuer. The €300m bond, rated A-, was sold into a European market that had recovered well from a bout of turbulence last week and was fully placed with high quality investors. But it was no blowout.
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UK business communications provider Daisy Group has split £265m of senior debt backing its buyout into two loan facilities and added a PIK loan.