Morgan Stanley
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Shenzhen International Holdings raised $250m via a top-up placement on the evening of November 4, managing to exercise an increase option thanks to two days of wall-crossing ahead of the trade. -
E-commerce firm Alibaba Group, which signed a $3bn revolving facility with four lenders on August 30, has completed a limited syndication of the financing. The facility features looser covenants than its last loan and marked the first US style revolver in Asia, said a banker on the deal.
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Jens Nystedt has joined Morgan Stanley Investment Management as managing director in the emerging markets debt team, where he will focus on local market debt and strategy development.
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E-commerce giant Alibaba Group, which signed a $3bn revolving facility with four lenders on August 30, has completed a limited syndication of the financing. The facility got sealed with looser covenants than its last loan and marked the first US style revolver in Asia, said a banker on the deal.
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Shenzhen International Holdings raised $250m via a top-up subscription on the evening of November 4, with the company managing to exercise a greenshoe option thanks to a two-day wall-crossing process ahead of the trade.
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Mexican IT service provider Six Sigma Networks (Kio) sold a $500m seven year deal on Tuesday well inside price talk to show that the market is wide open for LatAm high yield despite rating agency warnings this week that the region’s sub-investment grade borrowers will be more affected than most by changing external conditions.
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UK cinema chain Vue has issued €70m of six year senior secured floating rate notes to back its acquisition of Space Cinemas.
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Ireland's longest dated benchmark in five years is more than twice subscribed, allowing leads to set pricing at the tight end of guidance.
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Council of Europe Development Bank (CEB) has hired lead managers to run the first five year dollar syndication since a pair of deals failed to cross the line three weeks ago amid strong volatility in US Treasuries. Sweden and Caisse des Dépôts et Consignations brought deals with more conservative maturities.
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Ontex, the Belgian producer of disposable hygienic products for babies and adults, is beginning on Tuesday a roadshow in London for a €250m high yield bond, after completing its IPO in June.
