HSBC
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Saudi Electricity Co has picked banks and lined up roadshows this week as it looks to return to the sukuk market. The company is planning a long dated 144A tranche of at least 15 years as part of the offering, which would make it the first sukuk borrower to look beyond five years since the emerging markets sell-off in May last year. -
International Personal Finance, the UK consumer finance company, plans to issue a new bond in euros and buy back an older one.
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First Gulf Bank is set to price its debut Kangaroo bond on Tuesday, becoming the second financial from the Middle East to sell bonds in the format this year.
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The first Italian additional tier one capital issue could be very close, as bank capital specialists prepare for the new product's next phase of growth after a two week hiatus.
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HSBC published on March 18 a study underlining the strong need for research and development (R&D) in Asia. The paper looks in particular at the technology sector as a key example of how countries can move up the global value chain.
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Peruvian real estate company Portales and Brazilian meatpacker Minerva announced roadshows at the end of last week as LatAm continues to enjoy strong borrowing conditions despite a more hawkish US Federal Reserve.
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Right Lane, a subsidiary of Chinese conglomerate Legend Holdings, has returned to the market for a bullet loan equivalent to $300m, managing to shave off more than 100bp in costs since its last fundraising.
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Singaporean sovereign investment firm Temasek has bought a 24.95% stake in AS Watson Holdings, the retail division of Hutchinson Whampoa, for HK$44bn ($5.7bn); pushing plans of a Hong Kong IPO off the table for now.
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Pactera Technology International raised $275m for what will be the first LBO financed by a high yield bond with the proceeds used to as part of the financing towards The Blackstone Group buyout of the firm.
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The time is right for floating rate issuance, bank finance specialists believe. Market volatility, the spectre of rising interest rates and huge demand for senior unsecured bank debt have come together to create conditions in which issuers are keen to sell floaters and investors are hungry to take them.
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