Morgan Stanley
-
Liability management transactions continue to dominate Brazilian bond supply, with regulars Braskem and Votorantim raising money for buybacks on Wednesday. -
Moroccan phosphate group OCP launched $1.25bn of 10 year notes at a 5.75% yield on Wednesday evening, at the tight end of guidance that had already been crunched to 5.875% area. A $300m 30 year note was also added in the afternoon, with guidance of 7.375% area, and launched at that level.
-
Moroccan phosphate group OCP has tightened price guidance on its 10 year debut bond to a yield of 5.875%, a level that rival syndicate and DCM bankers said represented 100bp over the sovereign and was therefore too generous.
-
Industrial and Commercial Bank of China priced a Rmb2.5bn ($405m) dual tranche bond on Tuesday night, with investors showing a strong preference for the two year tranche over the five year.
-
State Grid Corp of China will meet with investors next week, as it looks to make a return to the dollar market following its last deal, a $2bn triple trancher in May 2013.
-
MIE Holdings priced a $500m bond on Tuesday night to redeem an existing bond that will be called in May. A substantial anchor presence in the order book built a solid foundation for the 144A/Reg S transaction, which managed to print slightly inside the issuer's existing curve.
-
Taiwanese silicon wafer fabrication firm Inotera Memories has hired three banks to work on a global depository receipt transaction, which could be worth up to NT$12bn ($367m).
-
El Salvador-based telco Telemovil will buy back $139m of its outstanding dollar-denominated bond due 2017, according to its parent company Millicom.
-
France’s Technicolor is looking to cut the margins on $1.3bn-equivalent of loans to take advantage of improved market conditions and a ratings upgrade from Moody’s.
-
MIE Holdings was quick to open the books for its third dollar bond, launching a five year non call three on Tuesday, after receiving a strong response from investors.
-
SEA, the Italian company that operates Milan’s Linate and Malpensa airports, issued its first bond today, with a €300m unrated issue.
-
Taiwanese silicon wafer fabrication firm Inotera Memories has hired three banks to work on its global depository receipt transaction, which could be worth up to NT$12bn ($367m).
