HSBC
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Indonesia’s Perusahaan Gas Negara (PGN) is considering cutting the size of its loan to between $600m-$700m, from the planned $1.5bn, after a blockbuster bond from May reduced its funding requirements. -
Chinese passenger vehicle manufacturer BAIC Motor Corp has filed its preliminary prospectus for a Hong Kong IPO, in a deal that will raise between $1.5bn and $2bn.
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Issuers from Brazil dominate a hefty pipeline of Latin American issuers likely to sell bonds next week as region’s largest economy claws back new issue market share from Mexico.
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Jamaica made a triumphant return to bond markets on Tuesday just a year after its last debt restructuring, showing of the strength of the high yield market by clinching its lowest ever coupon in international markets.
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Portugal shrugged off a domestic bank crisis this week to harness international appetite for eurozone periphery debt with its first syndication after exiting its bail-out in May. Also the sovereign’s first dollar offering since 2010, the deal was several times oversubscribed despite Banco Espirito Santo suffering volatility in equity and bond markets before the sale.
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Two blue chip German companies have issued 25 year euro bonds in the past week in semi-private sales driven by reverse enquiry.
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Phoenix Group on Monday offered up a rare unrated sterling denominated senior bond, representing the UK insurer’s debut in the bond markets.
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Redco Properties Group, the Chinese residential property developer, is meeting fixed income investors this week. Should a deal follow, it will be the borrower's first ever bond.
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French call centre operator Webhelp has tightened the original issue discount on its €120m loan from 99.5 to 99.75, and is due to allocate the deal on Friday.
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Hong Kong's debut sukuk may have moved a step closer to reality, with market sources telling GlobalCapital Asia that banks have been mandated for the deal. At least four of the five banks that have just worked on the UK's £200m sukuk are thought to have been appointed, although no official mandate has been announced.
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The State of North-Rhine Westphalia showed that Swiss franc investors still have an appetite for high quality paper when it returned to the market after a three year absence this week. The paper sold well to a clutch of investors on the hunt for high grade paper, despite a punitive spread through mid-swaps.
