Morgan Stanley

Matalan Finance, the parent company of British clothing retailer Matalan, announced on Friday the results of its cash tender offer for £475m of outstanding notes, a fortnight after pricing two new bonds totalling £492m.

If América Móvil can’t, no one can. That is the message from Latin American DCM bankers and bond buyers as the Mexican telco prepares to bring back local currency issuance to the region with the first reopening of its innovative títulos de crédito extranjero programme in more than a year.

Wells Fargo continued the slew of big ticket issuance from financial names with a $4.5bn deal that pushed its total dollar funding in the past six weeks beyond $8bn.

French insurer CNP Assurances highlighted the scale of demand for sub debt from insurance companies on Tuesday, drawing a monster order book for its first deal in almost a year.

The leveraged loan market has hosted some atypically big M&A deals over the last few months, including most recently €7.5bn for DE Master Blenders. But these attention-grabbing deals cannot hide the continued paucity of deals in the mid-market.

Three banks are lined up to provide underwritten debt financing of $600m-$650m to back KKR’s S$1.399bn ($1.1bn) buyout of Singaporean packaging company Goodpack, in what is the private equity firm’s largest ever investment in southeast Asia. But with the deal expected to take Goodpack’s total debt to Ebitda ratio to as much as 6.5 times, bankers say any takeout will be best served by the US term loan B market, writes Rashmi Kumar.

Joyful Horizon, an affiliate of Chinese private equity firm Hony Capital, sold HK$3.75bn ($484m) of shares in CSPC Pharmaceutical Group on May 26.

Sinotrans will meet investors for a proposed offshore renminbi bond as the borrower looks to sell its second deal in the market after making its debut in 2011.

US Treasuries rallied even further this week, leaving many market participants scratching their heads – but corporate borrowers did not waste the opportunity.

The private equity owner of Hugo Boss sold down a €400m stake in the German fashion firm on Tuesday night, a smaller chunk than many in the market had expected which helped drive demand.

Three banks are understood to be providing underwritten debt financing to the tune of $600m-$650m to back KKR’s S$1.39bn ($1.1bn) buyout of Singaporean packaging company Goodpack, in a deal which will mark the private equity firm’s largest ever investment in southeast Asia. The move has led leveraged bankers to speculate that PE firms are now looking at opportunities outside of China to buy assets.