Morgan Stanley
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China Minmetals Corp subsidiary Minmetals Land scared off many investors on Thursday by opting for a perpetual bond. But the unrated issuer still managed to put together a $200m trade, thanks to its parent company’s government ownership. -
GlaxoSmithKline added to the crush of red hot dollar bond supply this week, as borrowers began a spring stampede to lock in funding ahead of a likely rate rise next month.
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Rating: Baa2/BBB/BBB (Moody’s, S&P, Fitch)
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On Wednesday, US car manufacturer Ford’s finance arm followed its recent trend in using the euro corporate market to fund itself in floating rate note format. It kept its tenors short with a pair of FRNs, but found investors had a preference for the shorter option.
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On Wednesday, US car manufacturer Ford’s finance arm followed its recent trend in using the euro corporate market to fund itself in floating rate note format. The company kept its tenors short with a pair of FRNs, but found investors had a preference the shorter option.
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Goldman Sachs-backed ReNew Power is seeking the greenlight for its IPO, having filed a draft red herring prospectus with the Securities and Exchange Board of India on Tuesday.
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Carlyle raked in Rp10.2bn ($151.5m) from an overnight sale of some of its shares in Indian mortgage lender PNB Housing Finance on Tuesday.
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The board of Shire, the pharmaceuticals company, has given the thumbs-up to a £46bn takeover offer by Japanese rival Takeda, with $30.85bn of loans already lined up for the purchase.
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IndInfravit Trust lifted the gloom in India’s infrastructure investment trust market this week after its Rp32.3bn ($484m) private placement, a first for the asset class, drew in Allianz Capital Partners and Canada Pension Plan Investment Board.
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US firm International Flavors & Fragrances (IFF) has agreed to buy rival Frutarom in a debt-backed $7.1bn transaction, in what will be the second largest ever acquisition of an Israeli company.
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China's Ascletis Pharma has emerged as the first biotechnology firm to test the waters of Hong Kong’s new listing regime, after filing a draft prospectus on Monday.
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Real estate developer Vinhomes priced its D30.7tr ($1.35bn) listing at the top of guidance on Monday in Vietnam’s largest equity offering to date, according to a banker on the transaction.
