JP Morgan
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Restaurant chain operator Wagamama will cancel its banking debt with the £150m senior secured bond it sold on Wednesday, a debut issue for the company. -
A HK$3.1bn ($400m) portion of a HK$4.46bn fundraising by CVC sponsored Hong Kong Broadband Network (HKBN) has hit general syndication, said bankers.
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Tele Columbus is on the verge of pricing its IPO, the first of the year in Europe. The German cable company’s sale has been a success, and will be priced at €10 a share, the midpoint of the €8 to €12 range, and the top of the revised range.
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Adif Alta Velocidad, the Spanish high speed rail track operator, priced a €1bn 10 year bond on Wednesday, its second ever issue. The company had originally intended to launch the deal last year.
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Dominican Republic increased the size of its dual tranche offering to $2.5bn on Wednesday after strong demand from investors. The sovereign had originally been looking to raise $1.5bn but despite a good reception from the buyside, it paid up to 35bp NIP for the 10 year note, according to bankers.
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Asia’s richest man, Li Ka-shing, has made headlines again. First came the announcement that Cheung Kong Holdings and Cheung Kong Infrastructure (CKI) were acquiring the UK’s Eversholt Rail Group in a multi-billion dollar deal. Then, just hours later, CKI raised HK$4.64bn ($599m) to part-fund the acquisition through a top-up placement, in a deal priced close to the top of guidance thanks to momentum driven by an order from a single global long-only fund.
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Tele Columbus has tightened the price range for its IPO, suggesting that the deal will be priced above the bottom end of the range.
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Kazakhstan’s state-owned nuclear holding company Kazatomprom has signed a $450m facility agreement with banks to pay down eurobonds maturing this year.
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An HK$3.1bn ($400m) portion of an HK$4.46bn fundraising by CVC sponsored Hong Kong Broadband Network (HKBN) has hit general syndication, said bankers.
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Tele Columbus’s IPO is oversubscribed, with demand coming in at a variety of levels within the €8 to €12 a share range.
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Five high yield companies were roadshowing for bond issues in Europe on Monday, as banks in the market have refound their confidence and are ready to begin bringing deals in earnest.
