JP Morgan
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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.
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Local and foreign investors alike swooned over the MR2.74bn ($770.92m) IPO of Malakoff Corp, as the Malaysian power producer ends a drought in large sized offerings out of the country since the middle of last year.
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Europe's low yield environment has prompted a dramatic increase in Chinese issuers printing euro bonds this year. And with Beijing Enterprises and Yuexiu Transport Infrastructure raising a combined €700 ($772m) on April 29, observers are confident this trend is only about to get stronger.
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Dong Energy became the latest in a string of companies to refinance hybrid capital bonds this year, when it issued a €600m 1,000 year non-call 5.5 deal on Wednesday.
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UK nursery and early education provider for under-fives, Busy Bee is closing books on its £210m loan on Wednesday, with lenders expecting pricing to finish tight.
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Bank of India (BOI) demonstrated this week that absence really does make the heart grow fonder, getting a rousing reception for its return to the international bond market. A large oversubscription allowed the borrower to raise the upper end of its targeted size and shave 20bp off initial guidance.
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Solusi Tunas Pratama (STP) has gone on the road for its up to Rph3.91tr ($302.24m) follow-on in Indonesia, as the telecommunications tower operator looks to give investors exposure to a liquid play on the sector.
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Ocean Wealth, a wholly owned special purpose vehicle of China Orient Asset Management, raised Rmb1.48bn ($243m) on April 28 with a dual-tranche dim sum bond that was secured and backed by loan repayments.