News content
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Covered bonds have had a great start to 2016, in terms of supply, spread performance and participation from real money investors, but this trend is unlikely to hold. Central bank action, once again, will corrode the market in terms of both supply and demand.
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A slew of unusual CEEMEA issuers this week announced plans to meet with investors: Global Ports Investments, Kenya, Ahli Bank Qatar and Alternatifbank. Some are specified as non-deal meetings while others are focussed on specific deals.
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ChemChina gave 11 banks allocations in the $20bn tranche of its Syngenta acquisition loan on Thursday, bringing the total number of banks in the syndicate to 16. -
German wind turbine manufacturer Nordex has become the first borrower to issue an accredited green Schuldschein, leading the way for more deals to come.
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Standard Bank Kenya (also known as Stanbic CfC) will sign its loan on Thursday, while multilateral African bank AFC has nearly completed its $150m deal.
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Isbank reopened the senior market for Turkish financials in style on Wednesday with an oversubscribed deal that was priced tight to the issuer’s existing curve.
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Kenya Power and Lighting Company (KPLC) launched its $500m loan refinancing on Wednesday after over a year in the making.
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A former head of UK equity capital markets at Bank of America Merrill Lynch has been appointed chief executive of UK Financial Investments, which manages the government’s stakes in Lloyds and Royal Bank of Scotland.
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ChemChina will choose the banks to participate in the $20bn tranche of its Syngenta acquisition loan imminently, according to a banker close to the deal.
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Index provider FTSE Russell announced on Wednesday a new index which combines for the first time the China A-shares and Hong Kong-listed H-shares of the 50 largest Chinese companies.
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Russian software firm, Kaspersky Lab, is refinancing a credit facility with international banks and reducing the margin despite many Russian borrowers paying more for their loans.
