News content
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Angola opened books on a long awaited Eurobond on Wednesday morning with price thoughts that instantly caused disagreement among debt bankers away from the deal.
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Credit Suisse made good use of money market funds to secure €1.5bn in two year floating rate note on Wednesday.
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Royal London Mutual Insurance Society looked to the sterling market for a 13 year subordinated bond following meetings with investors earlier this week.
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Kuwait petrochemicals firm Equate is due to close a $6bn one year loan by early December that will include an Islamic financing component.
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The Hashemite Kingdom of Jordan printed its first non-US guaranteed standalone deal from the country for five years on Tuesday, and at a tight price.
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Multilateral development bank Gulf Investment Corp (GIC) has yet to open books on a dollar bond after finishing a roadshow on Monday. But the delay was not a sign of wider Middle East uncertainty, said the leads on the trade.
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Latin American development Corporación Andina de Fomento (CAF) clinched its tightest ever spread and coupon in the euro market on Tuesday with a five year deal that was larger than the borrower had initially intended.
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Hsin Chong Construction Group has ended the two-month lull in the equity-linked market with a $100m convertible bond led by China Merchants Securities, marking the bank’s first solo mandate for a deal in this asset class.
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Market sentiment improved towards the back of last week when some pipelined deals burst into the market, and that sentiment has continued to improve in the early throes of this week.
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Two CEEMEA sovereigns jumped into the bond market this week with breakthrough trades and three other issuers have mandated, lining November up to be one of the busiest months of the year for this market.
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Plenty of demand is driving SSA issuance to the shorter end of the curve and into green bonds this week.
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ICBCIL Finance has made its debut in the 144A format with a triple-tranche dollar offering, meeting its objectives on both pricing and diversification.