JP Morgan

Turkish port operator Global Liman İşletmeleri (Global Ports) on Thursday reduced its debut bond issue by $25m to $250m and priced it at with an 8.125% coupon at a reoffer price of 99.345.

Shenzhen International Holdings raised $250m via a top-up subscription on the evening of November 4, with the company managing to exercise a greenshoe option thanks to a two-day wall-crossing process ahead of the trade.

Mexican IT service provider Six Sigma Networks (Kio) sold a $500m seven year deal on Tuesday well inside price talk to show that the market is wide open for LatAm high yield despite rating agency warnings this week that the region’s sub-investment grade borrowers will be more affected than most by changing external conditions.

European companies from beleaguered industries, new to the market or under investor pressure had better think twice before they enter a high yield market willing to teach them a lesson before the year ends.

Piped gas operator China Oil and Gas Group made a memorable return to the debt market on November 3 with a $300m-capped bond that was more than 11 times subscribed. With such a huge order book, the issuer was able to take advantage to price through its existing dollar curve.

China’s eHi Car Services has started driving up to investors for its $140m New York IPO, opening books for the transaction on November 4 with plenty of anchor support.

Nexteer Automotive Group, which has operations in China but is headquartered in Michigan, is marketing its debut dollar bond.

Ontex, the Belgian producer of disposable hygienic products for babies and adults, is beginning on Tuesday a roadshow in London for a €250m high yield bond, after completing its IPO in June.

French telecoms group Altice has announced an offer to buy the Portuguese assets of Portugal Telecom from Oi, the Brazilian telecoms company, for €7bn.

Heathrow has signed a £2.15bn refinancing of its revolving credit and liquidity facilities with a syndicate of 22 banks. The loan comprises a £1.4bn revolving credit facility and a £750m standby liquidity facility.

Skandinaviska Enskilda Banken has begun a roadshow for its debut additional tier one capital issue. Along with a potential pair of capital trades from Australian banks, it will provide the FIG market’s first true test of investor risk appetite since the European Central Bank’s banking system health check.

Cheil Industries, the de facto holding company of South Korean conglomerate Samsung Group, started pre-deal investor education for its W1.52tr ($1.4bn) IPO on Monday, November 3, with bookbuilding set to begin at the end of the month.