HSBC
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Sinotrans will be meeting with investors for a proposed offshore renminbi bond as the borrower looks to sell its second deal in the market after making its debut 2011.
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Two corporate bonds were issued in Europe today, and, unusually, both were 12 year euro bonds from single-A rated issuers. Both were also priced at 72bp over mid-swaps.
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The Republic of Indonesia has picked four banks for a global dollar sukuk, the finance ministry’s director general of debt management Robert Pakpahan told GlobalCapital’s Islamic Finance Information Service.
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América Móvil could bring its long awaited tap of its global local Mexican peso bonds shortly after mandating banks for a roadshow, though the bluechip telecoms company will face some investors unhappy that liquidity in the innovative instrument has not materialised as promised.
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Logan Property Holdings launched its debut transaction in international markets on Tuesday with a five year non call three dollar issue. Although the non-investment grade developer is a relatively new name, it ranks well among Chinese property companies for financial health, and the deal is said to have gotten off to a solid start.
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AS Watson, the retail and manufacturing arm of Hong Kong conglomerate Hutchison Whampoa, signed its HK$15bn ($1.93bn) loan on May 22 with a total of 22 banks, with lenders putting in their commitments in either Hong Kong dollars or euros.
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Bharat Petroleum Corp’s syndicated loan for $300m has closed, with the three year deal allocated between 12 lenders.
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Chinese company Hilong Holding has wrapped up only its second syndicated loan, increasing the four year deal to $100m from the launch size of $80m.
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Haitong International Securities Group signed the documents for its loan of HK$3.34bn ($431m) on Friday, May 23, managing to more than double the deal from the launch size of HK$1.5bn.
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Syndicate Bank is meeting with investors for a proposed dollar bond. It will be the Indian issuer’s first appearance in the market since September 2012.
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Vitol’s self-arranged $2.05bn loan to fund the acquisition of Royal Dutch Shell’s Australian business has wrapped up with commitments from 18 lenders.
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Chinese leasing company UT Capital made its debut in international bond markets on Thursday with a three year dim sum backed by a keepwell agreement from parent Haitong Securities.