JP Morgan
-
Boparan, the holding company for UK food manufacturer 2 Sisters Food Group, plans to issue £800m of high yield bonds in three tranches as it seeks to repay existing notes due 2018 and raise money for general corporate purposes. -
UK insurer Phoenix Group is set to hit the road on Wednesday ahead of a debut bond deal. With the pipeline quiet, bankers away from the trade welcomed the deal, though warned that the lack of a credit rating was likely to trigger discussion among investors.
-
Snack maker Uni-President China Holdings’ one for five HK$3.38bn ($423m) rights issue was extremely well received by shareholders, with the transaction ending up more than nine times covered.
-
Giant Interactive has added another name to the syndicate for its $850m five year leveraged buyout loan.
-
Korea Gas Corp (KoGas) priced its third dollar deal of the year on Monday, with the issuer attracting a wave of interest despite choosing an unconventional 12 year tenor. The new bond priced well inside the borrower's curve.
-
Greenland Global Investment is looking to become the first issuer to make use of China’s revised cross-border guarantee rules. Regulators recently made it easier for parent companies to guarantee offshore issuance, with the changes effective from June 1.
-
Grupo Bimbo, the Mexico-based global bakery firm, may announce a new $1bn bond issue as soon as Tuesday after completing a roadshow on Friday. LatAm syndicate bankers expect a 10 year tranche and possible 30 year trade.
-
Korea Gas Corp (KoGas) is in the market with its third dollar trade of the year. The borrower opened books for a 12 year bond on Monday.
-
-
Eurobank on Thursday became the last of Greece’s big four banks to return to the capital markets after the country’s 2010 bailout. While the deal didn’t reach the blowout heights of some of its predecessors, it was received favourably and concluded a strong week of senior issuance that saw Dutch bank ING grab a hefty order book at an aggressive level.
-
A Federal Open Markets Committee meeting and a holiday in much of Europe this week made opportunities for dollar benchmark issuance few and far between. World Bank leapt into the narrow window with an unusual dual tranche deal that seared its curve and attracted enough demand for the issuer to increase it from its target size.
-
Industrial engineering group Fives will tomorrow begin roadshowing €580m of senior secured notes to refinance senior and mezzanine debt.
