News content
-
Chinese developer Soho China has extended the offer period to buy back its existing bonds by a week, after noteholders tendered just 36% of the company’s 2022s.
-
Beijing Automotive Group (BAIC) is planning to issue its first G3 bond, having mandated four banks to arrange a series of investor meetings starting this week.
-
South Korea’s Woori Bank has sent out a request for proposals for an offshore bond, with plans to pick five or six banks to lead the transaction.
-
Uruguay finance minister, Danilo Astori has told GlobalCapital that the country will mandate banks for a global bond in the coming days, with at least three Latin American governments preparing to raise international debt before the year is out.
-
Tata Motors is looking to refinance an outstanding $600m loan, marking the fourth time a Tata Group company is tapping the syndicated market this year.
-
Nederlandse Gasunie closed a €300m no-grow floater on Friday, attracting an order book of around €550m for the three year notes.
-
French energy project management engineering and construction company Technip has pulled back from a potential bond offering, blaming volatile markets for its decision.
-
The UK Debt Management Office is lining up a new 40 year syndicated bond for later this month.
-
An agency mandated for its first syndication in four years on Friday, with a deal to follow next week. The unconventional timeframe was in part to allow investors to reacquaint themselves with the borrower, said bankers on the deal.
-
The Republic of Lithuania on Friday threw out the first fresh mandate after a monster week for CEEMEA supply, and is looking at a long dated euro deal.
-
China Construction Bank (CCB)’s plans to sell its first offshore renminbi bond in the UK by its head office next week also marks the first CNH bond to be approved under the new pre-issuance registration system set by the National Development and Reform Commission (NDRC) last month.
-
Two Yankee issuers enjoyed the full attention of investors amid improving market conditions this week.