JP Morgan
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Wasion Group Holdings, a maker of utility distribution devices, has raised HK$734.40m ($94.76m) in a top-up placement and sale of secondary stock, locking in gains from the rally that gripped Hong Kong’s stock market since last month. -
Harman International Industries, a US maker of audiovisual equipment, has hired banks for its first euro bond, having previously issued only in dollars.
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NH Hotel Group, the Spanish hotel chain, has pulled its €200m senior unsecured bond issue.
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A nervous tone in the FIG market has already crushed Banco Popolare’s hopes of printing tier two before its quarterly results, and conditions could be just as tough next week.
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Busy Bee, the UK nursery and early education provider for under-fives, was aiming to allocate its £210m refinancing loan by Thursday afternoon, with pricing tight but not too aggressive.
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A triumphant first Grüner Pfandbrief has snapped the covered bond market out of its recent decline, bringing new buyers to a product that many investors abandoned this year as the European Central Bank’s purchases crowded them out, writes Bill Thornhill.
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Spanish hotel chain NH Hotels was set to sell on Thursday €200m of senior secured notes with initial price talk of 4.25%-4.5%, part of an aggressive debt reduction strategy.
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Busy Bee, the UK nursery and early education provider for under-fives, aims to allocate its £210m refinancing loan by Thursday afternoon, with pricing tight but not too aggressive.
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Banco Popolare’s window of issuance for the tier two deal it has been roadshowing has closed, with the issuer set to avoid the primary market ahead of reporting earnings.
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Gazprom said this week that it had signed three syndicated loans totaling €807m this year, showing banks’ stealthy appetite to lend to Russian companies.
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Li Ka-shing’s Cheung Kong Property is scheduled to sign its reorganisation loan at a reduced size of HK$40bn ($5.16bn) with 28 lenders. The trade, which started out at HK$55bn, was heavily oversubscribed as 28 banks piled in with commitments of at least HK$5bn each.
