NatWest Markets
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Indonesian oil and gas company Pertamina, which is in the market for $1.8bn five year loan, has received $380m in commitments in general. Bankers on the deal said they expect to close soon with allocations likely to be out in the next couple of weeks. -
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Teollisuuden Voima, the Finnish nuclear power company, priced a €500m 10 year bond on Thursday, as it brought forward its funding plans to take advantage of a European bond market energised by the prospect of quantitative easing.
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UK online gambling business Sky Bet has widened the margin on its £340m leveraged loan by 25bp as the deal nears its deadline for commitments.
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UK gas distribution company Southern Gas Networks issued a £350m 10 year bond on Tuesday after an investor call on Monday.
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UK gas distribution company Southern Gas Networks has mandated four banks for its first bond since 2011. A spokesman said the company was aiming for a 10 year sterling deal, which could be priced tomorrow.
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SIG Combibloc, the Swiss drinks carton maker, has launched the long-awaited €2.265bn loan backing its acquisition by Onex, in the largest European leveraged takeover financing of the year so far.
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US corporate new issues have plunged to multi year lows as issuers shrug off strong demand due to the cost of carry. Even Thursday’s confirmation of European Central Bank quantitative easing, which opened the floodgates for FIG issuers, could not move corporate borrowers off the sidelines.
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Five covered bond borrowers issued benchmark deals in the first half of this week, fearing potential volatility from Thursday's European Central Bank announcement on its sovereign quantitative easing programme.
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Financial and leasing services company Far East Horizon, which wrapped up a three year loan in December, is already back for a $200m borrowing. Like its last fundraising, the latest bullet has a margin pegged to China’s state-owned Sinochem’s shareholding in the company.
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SIG Combibloc, the Swiss drinks carton maker, has launched the long-awaited €2.265bn loan backing its acquisition by Onex, the largest European leveraged takeover financing of the year so far.
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State Grid Corp of China, which claims to be the world's largest utility, issued its first euro bond on Monday, a €1bn deal comprising seven and 12 year notes.
