Morgan Stanley
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The Coca-Cola Company priced its biggest ever bond on Thursday, all in euros. It was the second biggest European corporate bond ever, and extended the issuer’s euro curve by 8.5 years. -
From Tokyo to Toronto to Tel Aviv, new buyers across the globe are piling into the senior tranches of US CLOs — and more experienced triple-A investors aren’t happy about it.
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A trio of issuers took advantage of a lack of senior supply this week to price deals with drastically reduced new issue premiums compared to January.
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Bank of Tokyo Mitsubishi UFJ (BTMU) took advantage of a red hot US dollar bond market on February 25 to raise $3bn — more than had been expected — through a triple tranche offering.
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Abengoa, the Spanish engineering, construction and concessions company, is making a fresh move to cut its debt by reducing its shareholding in Abengoa Yield from 51% to 40%.
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Intesa Sanpaolo drew a bumper book for a seven year senior print on Wednesday, highlighting the strong bid for an asset class that has seen minimal supply in February.
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Cowell e Holdings, the first ever Korean company to seek a listing in Hong Kong, plans to start investor education for its $150m-$200m IPO on March 2.
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Bank of Tokyo Mitsubishi UFJ (BTMU) is taking advantage of a rally in US Treasuries to launch what could be a triple tranche dollar offering on February 25.
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PAI Partners has sold nearly all its shares in Atos, the French IT services and outsourcing company, though it has kept a 0.3% stake because it believes there is still upside in the stock.
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The bookbuild and management roadshow for the IPO of software firm NNIT began on Tuesday. Novo Nordisk, the healthcare company, is divesting the business through a listing in Copenhagen.
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UK energy company SSE issued €600m and £750m of hybrid bonds on Tuesday, as the first call date of its hybrid issued in 2010 draws near.
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Shandong Weigao Orthopaedic Device Company is eyeing a $300m IPO in Hong Kong slated for the first half of the year, banking on the still-bullish sentiment for Chinese healthcare stocks.
