HSBC
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Hang Lung Properties priced a rare seven year bond on April 10 while managing to come in under its existing curve. Though unrated, the issuer is a household name in Hong Kong, and Asian investors lapped up the new offering.
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Perusahaan Gas Negara is due to mandate a group of five banks to arrange a $1.5bn five year fundraising, returning to the loan market after an absence of more than four years. The company is considering to fund the loan onshore because it has yet to get approval for an offshore deal.
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Turkish Garanti Bank has released price guidance equating to a 35bp new issue premium for its new dollar benchmark 2019s, according to an origination official on the deal. Bank of America Merrill Lynch, BBVA, Citi and HSBC are arranging the sale.
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Greece’s capital market comeback bond will be priced at the tight end of guidance on Thursday after the sovereign drew an extremely large book to the deal.
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Mexican state-owned oil company Petróleos Mexicanos tightened pricing aggressively on its return to the euro market to clinch a €1bn 12 year at a new issue concession of zero, according to bankers on the deal.
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PSA Peugeot Citroën has signed a €3bn dual tranche loan to refinance early a loan maturing in 2015.
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BPCE has jumped into the tier two market after only announcing on Tuesday it would be meeting investors for a potential sale.
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Brazilian company Votorantim Cimentos has picked banks for a euro transaction and begins investor meetings across Europe on Thursday.
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HSBC has shuffled its emerging markets debt capital markets business in London, changing the jobs of two senior managers.
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Petróleos Mexicanos opened books on a euro benchmark bond on Wednesday morning, after ending a four year absence from that currency late last year. The borrower is pushing out its euro curve with a 12 year bond to take advantage of the thirst among German and French investment grade accounts for longer dated, higher yield paper, said bankers on the bond.
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Uruguay-headquartered Navios South American Logistics and Peruvian Abengoa Transmisión Sur joined the ranks of Latin American borrowers taking advantage of strong issuance conditions in dollar markets with well-bid deals on Tuesday.
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Investors turned up in hordes to take advantage of Oil India’s $1bn debut bond, placing orders of over $8bn for the dual tranche offering. Diversification was a key driver of demand for the credit, which offered a much needed alternative to the surplus of Chinese property bonds.