HSBC
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After a summer of hand-wringing by investors over its high leverage, Bureau van Dijk has won out on its €845m loan, even managing to tighten the pricing on its euro tranche.
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UK equipment hire company Speedy Hire has signed a £180m asset-backed revolving credit facility, to replace a £220m facility signed three years ago and due to mature in August 2015. The margins and fees on the facility have been reduced across the board.
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China’s Honghua Group opened books for its debut international bond on Thursday. The oil rig maker is offering a five year non call three dollar bond.
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Chong Hing Bank’s $300m additional tier one (AT1) bank capital issue is attracting plenty of attention from fixed income investors, with bids crossing the $500m mark just 90 minutes after books opened at 9am on September 18.
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Hong Kong insurer FWD issued its debut international bond on Wednesday, September 17. Offering a Reg S 10 year dollar deal capped at $325m, the borrower received an enthusiastic response and was able to price the paper without a new issue concession.
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Reliance Industries’ telecom arm Reliance Jio Infocomm has picked a consortium of 15 banks to lead its $1.5bn refinancing.
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Industrial and Commercial Bank of China (ICBC) priced its Singapore and Taiwan dual listed offshore renminbi bond on Monday, September 15, with Taiwan investors in particular flocking to the deal.
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Société Générale has hired Raj Malhotra to take charge of its debt capital market business in southeast Asia.
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This week has been another banner period for offshore RMB business in London, with the UK government announcing an upcoming CNH sovereign bond, ICBC opening a wholesale branch in London, the UK’s inclusion in a future RQDII programme and the granting of another RQFII licence for a UK firm.
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China’s Dalian Wanda Commercial Properties has filed for a listing on the Hong Kong Stock Exchange and is looking to raise more than $5bn from the IPO. At this size it will be Hong Kong's biggest ever real estate listing — and the exchange's largest listing since May 2011.
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Insurance company FWD opened books for its debut international bond on Wednesday, September 17. The Hong Kong-based borrower is selling a ten year Reg S dollar issue.
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Chile’s fourth largest bank, CorpBanca defied another difficult day in markets to attract hefty demand for its latest bond issue, allowing it to raise more than initially planned. CorpBanca’s existing bonds trading off during the two day sale process, but bankers on the deal said they were happy with pricing.