HSBC
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Carlos Slim’s telecoms group América Móvil sold the first global local currency bond from Latin America for over a year on Monday, overcoming the concerns of some investors about the poor liquidity in the notes. -
Lloyds Bank has left its role as mandated lead arranger on a loan of around $2bn for a special purpose vehicle linked to oil firms Rosneft and BP.
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Chinese securitization is poised to take another step forward with the first internationally-rated auto ABS from the country, a Rmb800m ($128m) deal from seasoned issuer Volkswagen.
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Sinotrans returned to the offshore renminbi market on Tuesday with a three year transaction. It is the Chinese state owned logistics company’s second time issuing in CNH since its debut in 2011.
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Air France-KLM is preparing to issue a new bond, just as Ryanair, an airline that is in many ways from the other end of the spectrum, is also roadshowing for its first ever bond.
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Financiera Independencia (Findep) and Empresas ICA have both followed up new bond issues with strong responses to tender offers for outstanding notes as LatAm borrowers continue to capitalise on strong conditions and low rates to refinance existing debt.
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Sport Group, the German sport and leisure surfaces installation company, has signed a €180m loan.
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ICICI Bank made the most of the voracious post election appetite for Indian credits to price a $250m tap of its 4.8% 2019s inside of where the existing bond was trading on Thursday. It was the first time that an Asian issuer has achieved such a feat, according to bankers.
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China Merchants Bank (CMB) Hong Kong branch will be meeting investors next week for a proposed debut dollar bond after setting up a new $5bn EMTN programme this week.
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If América Móvil can’t, no one can. That is the message from Latin American DCM bankers and bond buyers as the Mexican telco prepares to bring back local currency issuance to the region with the first reopening of its innovative títulos de crédito extranjero programme in more than a year.
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