Morgan Stanley
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CMA CGM, the French container shipping company, is offering $800m-equivalent of senior unsecured notes to refinance some of its old bonds, after being upgraded by Moody’s to B1.
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Warburg Pincus, which first invested in Hong Kong-listed Car Inc in 2012, pared down its ownership through a HK$3.11bn ($401m) block on May 27, which was priced at the middle of guidance as the seller took a strategic stance on secondary performance.
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The Democratic Socialist Republic of Sri Lanka is set to return to the offshore debt market on May 28, while China National Bluestar and Global Logistics Properties (GLP) are also marketing their maiden dollar bonds to investors.
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RCI Banque, the finance arm of Renault, raised €750m with a seven year bond on Wednesday. While some away from the deal thought the size was ambitious, the bond traded well in secondary.
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Tuesday night’s two substantial block trades, in Dutch insurer NN Group and SSP, the UK catering company, both went well despite softness in equity markets before and during the trades.
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Unilever, the UK-Dutch consumer goods company, highlighted growing demand for short dated bonds and FRNs on Wednesday, when it gathered a hefty order book at arguably no new issue premium for a three year floater.
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BNP Paribas is set to lose two experienced traders from its flow credit business in London.
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A Nordic agency is set to tackle the 10 year part of the dollar curve — a tenor SSAs have largely shunned so far in May.
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BSN Medical, the German bandage maker, has won a strong response to its new term loan 'C', and has decided to cut pricing on both that and a pre-existing term loan 'B'.
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The Republic of Ukraine priced a $1bn five year US AID backed deal on Tuesday — it’s second such transaction — and Ukrainian analysts expect another $1bn deal before the end the year.
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The public sector borrower market is enjoying stability after weeks of turbulence, with a pair of issuers trebling the number of euro benchmarks so far this month.
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Chinese biotech firm 3SBio has bagged $150m from some heavyweight cornerstone investors including GIC and BlackRock ahead of launching its HK$5.51bn ($712m) Hong Kong IPO, putting the company’s second flotation on a very strong footing.