HSBC
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China’s Tewoo Group is gearing up for its first foray into the debt market, mandating three banks to arrange a series of investor meetings that started on October 22. -
Luxury goods retailer SSI Group has set final price guidance at the top of the range ahead of closing books for its Ps6.5bn ($146m) IPO on October 22.
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IDBI Bank priced a five year dollar bond on Monday. While choppy markets saw the issuer pay some new issue premium, the borrower managed to take advantage of a lower rate window to price just wide of its curve.
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Hebei Iron and Steel was forced to price its debut offshore bond more than 20bp wider than its closest comparables on October 20, despite the fact the bond was supported by a standby letter of credit from one of the joint global co-ordinators, Agricultural Bank of China. While SBLCs have reduced pricing in the past, it failed to help this time around as choppy markets proved to be too much.
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German ball bearing manufacturer Schaeffler intends to issue €1.2bn-equivalent of senior secured bonds, making it the first high yield issuer in Europe to announce a new deal for nearly a fortnight.
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NRW.Bank is expecting to double the size of its inaugural green bond with its second visit to the asset class, after kicking off a road show for a new bond.
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Daisy Group, the UK business communications provider listed on Aim, has signed £400m of debt facilities, including a payment-in-kind loan supplied by Ares Management, to support a management buyout.
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Hebei opens books for offshore debut China’s second largest steel maker, Hebei Iron & Steel Group, is looking to tap the offshore debt market for the first time, opening books to a credit enhanced dollar bond on October 20.
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IDBI Bank opened guidance on a senior dollar bullet on Monday after pricing its debut Basel III compliant additional tier one additional tier one (AT1) security in the domestic market last week. The bank began sounding out investors about a Basel III dollar bond in July, but decided not to go ahead.
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Chilean power company E-CL was set to announce a long awaited bond issue on Monday morning after capital markets showed signs of stability towards the end of last week. The outcome will be of particular interest to SQM, the Chilean chemical firm that announced its bond roadshow on Friday.
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Chilean power company E-CL opted not to issue a planned bond on Thursday as LatAm DCM and syndicate bankers said they would be in no rush to issue during periods of volatility.
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