HSBC
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Grupo Bimbo, the Mexico-based global bakery firm, may announce a new $1bn bond issue as soon as Tuesday after completing a roadshow on Friday. LatAm syndicate bankers expect a 10 year tranche and possible 30 year trade. -
SGSP Australia Assets, the new name for the holding company of Jemena, the gas and electricity distribution business, issued its first bond in euros on Friday June 20.
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Intesa Sanpaolo has signed a €75m agreement with the European Investment Bank to support trade between Greece and Italy.
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Beijing Infrastructure Investment (Hong Kong) priced its debut offshore renminbi bond on Friday. The issuer had taken an exhaustive approach to preparing the deal and was rewarded with tight pricing.
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Allocations have been finalised for the $1.55bn club loan for Malaysia International Shipping Corp (MISC), a subsidiary of Petronas, with eight banks joining the deal.
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Korea Gas Corp (KoGas) is in the market with its third dollar trade of the year. The borrower opened books for a 12 year bond on Monday.
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Krungthai Bank (KTB) issued Thailand’s first ever dollar denominated Basel III instrument on Thursday. Despite the political turmoil in the background, KTB’s bond was met with a strong response from investors. As a result, the issuer had upsized its bond to accommodate the demand.
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China Construction Bank (CCB) Asia printed the first ever dim sum bond to be issued in Switzerland on Thursday, selling a Rmb1.25bn ($203m) three year print. The deal highlights the renminbi’s growing presence in Europe.
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CMB Financial Leasing, a subsidiary of China Merchants Bank, opened up a $150m three year term loan into syndication on June 18.
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Wireless products maker Comba Telecom Systems has signed a $125 million three year term loan in a deal co-ordinated by facility agent HSBC.
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The United Kingdom has pulled ahead decisively in the lop-sided race to issue the first Western sovereign sukuk, writes Dan Alderson. Tiny rival Luxembourg could only look on this week as UK borrowing officials roadshowed the groundbreaking offering across six Gulf and Asian money centres in three days — bolstering London’s bid for regional leadership in Islamic finance.
