JP Morgan
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A pair of public sector borrowers are set to join NRW.Bank in the dollar market this week, taking advantage of good conditions — and with perhaps one eye on the US presidential election in early November. -
Doosan Bobcat has received regulatory approval for its IPO in South Korea, putting it on track to open books in September.
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South Korea’s KEB Hana Bank is preparing to go live with its second international bond of the year, having hired five firms to arrange a 144A/Reg S trade.
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Dutch telecoms firm Ziggo made a bumper increase to its $1.6bn refinancing earlier this week, more than doubling the size of the loans offered and stunning some investors.
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Bahrain has picked five banks to arrange its next Eurobond. With one of those banks also linked to the Saudi Arabia mandate, the deals are expected to be timed to avoid collision.
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JP Morgan has given co-head of global syndicate Ryan O'Grady a job leading the newly established 'credit product development' team. Meanwhile, reporting lines on the desk have changed, and the bank's public finance syndicate has joined the global desk.
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The dollar market for public sector borrowers is showing remarkable disdain for bankers’ summer holiday plans, with a trio of deals printed across the curve during the usually quiet days of August. But this week’s long dated deals are unlikely to signal jumbo 10 year dollar benchmarks’ return from a long vacation.
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Asian Development Bank (ADB) this week became the first supranational issuer to print a dual tranche green bond. But opinion was mixed as to whether such an approach will catch on.
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uarantor: Financial Market Stabilisation Fund of the Federal Republic of Germany
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Akbank will widen the margin on its loan by 25bp if the bank is downgraded. The move is a condition the bank’s relationship lenders required after the attempted coup in Turkey on July 15. While Burgan Bank this week avoided a similar clause, other Turkish banks will likely have to accept them.
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Greenko Energy Holdings became the first Indian corporate to sell a green bond in US dollars this week, setting a benchmark for high yield names in the sector. Issuers from the south Asian country are leading a charge for green debt in Asia and more corporates are set to follow suit. Addison Gong reports.
