JP Morgan
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A S$350m ($259m) loan signed between Lippo Malls Indonesia Retail Trust (LMIR) and a group of lenders has opened into syndication.
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Postal Savings Bank of China has tacked on some 20 bookrunners to the syndicate group for its long awaited $8bn IPO in Hong Kong, which is set to begin pre-deal investor education on Monday.
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Islandsbanki has become the first Icelandic bank to issue a benchmark bond in euros since the financial crisis.
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Steinhoff completed syndication of $4bn of acquisition loans this week with the deal going “better than expected", according to bankers. The loan market has not shown signs of fatigue for the South African-based furniture retailer, even though the borrower has already asked a lot of the market this year.
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Institutional investors turned out in force for Slovenia’s euro market return on Wednesday, allowing the sovereign to tighten pricing by more than 10bp.
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Coca-Cola made a smash and grab raid on the dollar bond market on Monday as it jumped in ahead of a predicted onslaught of supply next week.
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Five banks raised more than $10bn in the senior unsecured dollar market this week, exploiting strong demand and at spreads that were in line with where covered bonds would have priced.
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HSBC and Santander UK found strong demand for senior bonds issued from their holding companies this week, revealing an opportunity for more deeply subordinated supply such as Nordea’s tier two benchmark.
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Saipem, the Italian oil services company, on Thursday priced €1bn of unsecured bonds in a high yield market still looking at a thin pipeline.
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UK distressed debt buyer Arrow Global this week returned to the market, after selling euros in April, with a refinancing deal to repay in full its 7.875% 2020 notes.
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The German lender has appointed leads to market its first senior unsecured green deal from next week.
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Sirius Minerals, the company developing a potash mine in North Yorkshire, has mandated six banks to arrange $2.6bn financing for the project.