Morgan Stanley
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Suez Environnement raised €350m through a convertible bond on Monday, with investors leaping on the now rare opportunity to buy an investment grade equity-linked deal.
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China Aluminium International Engineering (Chalieco) priced its debut international bond on Friday, issuing a senior perpetual non call three bond that pays 6.875%. The borrower opted for a non call three structure to save costs but this also made the bond more investor friendly which meant it was able to cut 37.5bp off initial pricing.
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Chinese genomics company BGI plans a $400m IPO before the end of the year and Malaysian Icon Offshore mandates three banks for $137m debut in the first half.
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AIA Group is meeting investors in the US this week for what would be the issuer’s second dollar bond.
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Westpac Banking Corp made a triumphant return to the Samurai market this week, pricing an ¥80bn five year fixed rate trade in line with initial guidance, its first Samurai deal in two years.
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China Aluminium International Engineering (Chalieco) has launched guidance for its debut international bond, opting for a non call three senior perpetual.
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Agile Property Holdings was out in the market with its debut dim sum bond on Friday, joining a host of other repeat issuers and making the most of cheaper funding opportunities.
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The dim sum market is in full swing this week, with Mitsubishi UFJ Lease & Finance, Unilever and China Citic Bank all pricing three year deals on Thursday.
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The list of Chinese firms eyeing up an US IPO has just gotten longer thanks to mobile game developer Chukong Tech, which is planning to raise $150m in the second half of the year, according to a banker close to the deal.
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Banco Comercial Português’ successful return to the euro senior unsecured market was driven more by renewed demand for its name than a hunt for yield, said lead managers, in a week where the only fresh paper issued carried a sub-investment grade rating.
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The US investment grade corporate bond market sprang back to life this week as four big issuers hit the market in quick succession on Thursday, after multi-billion dollar deals from Novartis and Comcast earlier in the week.
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The burgeoning green bond sector took two important strides this week, as the European Investment Bank increased an outstanding deal to the largest volume on record and the African Development Bank entered the Scandinavian capital markets for the first time with its second ever green bond.