JP Morgan
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Argentine cable company Cablevision will begin meeting investors on Thursday ahead of a planned $500m bond issue.
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The Sultunate of Oman is starting the roadshow for its dollar benchmark 144A/Reg S bond on Thursday.
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Three Russian corporates are looking to hammer out deals in the wake of the sovereign’s return to the bond market last week. All are refining their debt profiles with a combined buyback and new offer.
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US insurer AIG, one of the major players in the subprime mortgage crisis, has been welcomed back to the euro bond market for the first time since its rescue.
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Kuwaiti petrochemicals firm Equate is taking its time to refinance $6bn of loans, with bankers blaming the tight pricing and deal size for the slow progress of the self-arranged transaction.
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The CEEMEA bond market is in full flow as issuers jump in ahead of the FOMC meeting, Brexit vote and Ramadan. Two issuers are out with initial price thoughts and a string of others have mandated for new bonds.
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India’s Glenmark Pharmaceuticals printed its first convertible bond in more than a decade on Tuesday, raising $170m with an unusual offering that managed to pull in decent interest from investors.
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Deutsche Bank, Itaú and JP Morgan will manage Argentine cable company Cablevision’s return to international bond markets, according to Lat Am DCM bankers.
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After a bumper week in dollars, euros will be back on the CEEMEA table this week with PKN Orlen and Croatia wrapping up meetings on Tuesday. But the European Central Bank meeting on Thursday and US data on Friday is expected to keep issuance limited this week.
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Korea Gas Corp (KoGas) has kicked off preparations for its first international bond of the year, which will hit the market next month.
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Philips Lighting and Maisons du Monde’s IPOs have run precisely along the same timelines, with many similarities in how the sales went, and today their debut trading performances also ran in parallel, as both stocks jumped. Philips Lighting closed up 10% and Maisons du Monde 5.9%.
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Cemex Holdings Philippines is planning to start pre-marketing its potential $500m IPO from the first week of June, according to a source with direct knowledge of the matter.