Morgan Stanley
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Chinese property developer Fantasia Holdings Group Co took advantage of the favourable market conditions on Thursday to raise money for refinancing. It found more support than anticipated, allowing it to seal a larger $350m bond. -
The World Bank impressed with its first benchmark transaction of its new fiscal year this week as it received solid demand despite pricing tightly to match the spread it paid for a five year deal before the outbreak of the coronavirus pandemic.
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Swedish Export Credit Corporation kept the public sector new issues market open on Thursday as it came with an opportunistic four year dollar trade on the back of a strong week for dollar borrowers.
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Azzurra Aeroporti, an acquisition vehicle that bought a majority stake in a French airport, made its debut in the bond markets on Tuesday, achieving decent demand despite some dire warnings emerging about the medium term future of industries linked to air travel.
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Prosus, the Dutch online consumer and investment company, has mandated banks for dollar and euro bonds. Investors will need to contend with a firm that reported strong full year results up to the end of March but has issued warnings that the coronavirus pandemic has taken its toll since.
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Ant Group is planning a dual listing in Hong Kong and Shanghai that will value the company at as much as $200bn. Bankers say the mega listing will be a ‘shot of adrenaline’ for the two stock exchanges, creating a surge of liquidity that will enable more companies to follow suit. Jonathan Breen reports.
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The European Stability Mechanism is likely to use its funding window scheduled for next week to issue a dollar benchmark, according to SSA bankers.
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Mindspace Business Parks Real Estate Investment Trust has finalised the price guidance for its up to Rp45bn ($603.9m) IPO in India, set to be launched next week.
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World Bank scored an impressive result with the first dollar benchmark of its new fiscal year as it priced at the joint-tightest level versus mid-swaps for a five year deal in the currency since the onset of the coronavirus pandemic.
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Azzurra Aeroporti, an acquisition vehicle that bought a majority stake in a French airport, made its debut in the bond markets on Tuesday, achieving decent demand despite some dire warnings emerging about the medium term future of industries linked to air travel.
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China ZhengTong Auto Services Holdings, a luxury auto dealership, surprised bankers this week after missing a principal payment on a dollar loan. Pan Yue reports.
