JP Morgan
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US chemicals producer Angus Chemicals will hold a bank meeting in London on Thursday for the first leveraged loan of the year, a $505m-equivalent cross-border deal that backs its buyout by Golden Gate Capital. It could benefit from a technical opportunity in the European market.
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London-based charity the Wellcome Trust, which funds biomedical research, has mandated three banks for its first euro bond roadshow.
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Westpac successfully priced the first euro-denominated covered bond of the year on Thursday amid hopes that it will set a positive tone for next week — which is expected to be the busiest of the year. But with confidence still lacking following a string of underperforming deals issued at end of last year, there is still some trepidation that the supply glut will cause a further re-pricing.
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Barclays Bank re-opened the primary covered bond market on Monday by issuing a £1bn ($1.51bn) three year sterling benchmark, and was followed by a pair of Canadian borrowers.
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The Republic of Turkey re-opened the CEEMEA bond market in 2015 on Wednesday with a $1.5bn tap of its 2043s. Turbulence across EM and falling oil prices played to Turkey’s favour with the bond offering a haven to nervous investors. But as a result of the recent volatility, the country paid a decent new issue premium, bringing in a $5bn book.
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The Republic of Turkey re-opened the CEEMEA bond market in 2015 on Wednesday with a $1.5bn tap of its 2043s. Turbulence across EM and falling oil prices played to Turkey’s favour with the bond offering a haven to nervous investors. But as a result of the recent volatility, the country paid a decent new issue premium, bringing in a $5bn book.
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Wuxi Pharma to shelve general — Greenland signs dual currency loan — Jet raises $150m — Country Garden clubs for Hk$4.5bn
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China Huarong Asset Management is back in the market, launching a multi-tranche trade in dollars as it looks to become one of the first Asian companies to tap the debt market this year.
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London-based charity the Wellcome Trust, which funds biomedical research, has mandated three banks for its first euro bond roadshow.
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German car maker Daimler issued a £250m 2.9 year bond on Wednesday, making it the first corporate borrower to issue in sterling this year.
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Danone, the French foods group, became the first European corporate bond issuer of 2015 on Wednesday, and attracted exceptionally strong demand for a €550m five year floating rate note and a €750m 10 year fixed rate bond.
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Financing for Altice's planned takeover of Portugal Telecom has been put on hold, as the telco is being investigated over its investments in Grupo Espírito Santo.