Morgan Stanley
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Two US technology companies are marketing high yield bonds in Europe, in a new signal of the market's attractiveness. -
Air France KLM has hired five banks for a potential hybrid bond issue, as the unrated, high yield airline's €661m convertible bond approaches maturity.
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Korea’s Cowell e Holdings will opening books for its $150m-$200m IPO in Hong Kong on Tuesday, March 17, with pricing scheduled to take place one week later.
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ICBCIL Finance wrapped up its maiden appearance in the international debt market on March 12. Market participants questioned whether the deal was done too cheaply.
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A tricky secondary market was unable to derail the new issue pipeline in senior this week, with new deals selling well even as their predecessors underperformed.
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Hospital operator Mitra Keluarga Karyasehat has priced Indonesia’s largest IPO since 2011, raising Rph4.45tr ($338m) in a deal that investors piled into.
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Malaysia’s state owned oil and gas company Petroliam Nasional (Petronas) broke records this week when it priced the largest G3 bond from a southeast Asian corporate. Choosing aggressive pricing over a bigger size, the issuer opted to settle for raising $5bn with the four tranche deal, lower than the expected size of $6bn-$7bn, writes Narae Kim.
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Teva Pharmaceutical Industries kicks off investor meetings in Europe next week. The borrower is looking to issue its first euro denominated bond since 2012.
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Hutchison Port, Central American Bank for Economic Integration and ICBCIL opened books for their respective bonds on Thursday, March 12, in what is looking to be a busy end of the week for the Asian debt capital markets.
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Despite a very strong day for European stocks, with the Euro Stoxx 50 up 2.3%, no equity accelerated bookbuilds have been conducted tonight. The three deals yesterday all appeared to go well.
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The starting gun has been fired for the long-awaited quasi-IPO of Finansbank. The National Bank of Greece, which owns almost all the Turkish bank, will sell some of its shares, though the $1bn deal will consist mainly of new capital.
