News content

BNPP helps TDF seek €200m — CIMC Enric flags off $150m loan — HKR hits market for HK$4.8bn

Innocean Worldwide raised W340bn ($302m) from its South Korean IPO by pricing the deal just above the middle of guidance despite turbulent times for markets.

Sri Lankan conglomerate John Keells has returned for its resort project financing, cutting the loan size by $50m to $395m in its second attempt. The original $445m facility was delayed after the incoming government in Sri Lanka changed rules on casino licences, which meant banks had to rethink the loan, taking into account the absence of casino revenues.

While the summer sun lulls London’s MTN flag wavers into a sluggish slumber, the experts here at Leak Towers recommend a spot of exercise to help get the blood, brainwaves, and deals flowing again.

Credit Suisse and UBS stormed to the top of the bookrunner charts for senior FIG bonds in the first half, but their rivals will be more worried about the dive in overall volumes across the market versus a year earlier.

Emerging market debt houses in CEEMEA are suffering from a loss of business in Russia and the bottom line impact is even worse than the headline fall in issuance would suggest. Not only were the country's banks and corporates the highest fee payers in the region, but intensifying competition elsewhere as a result of the Russia crisis is also squeezing revenues.

Citic CLSA Securities hired corporate finance specialist Wu Gang for its London team. The appointment comes as the company, formed from a 2013 acquisition, tries to take advantage of the M&A opportunities between China and Europe.

Bharat Petroleum Corp (BPCL) subsidiary Bharat PetroResources has sent out a request for proposals for a $125m borrowing. The proceeds of the loan were for capital expenditure, according to a banker who received the invitation.

Options markets for single stocks in the US are indicating higher implied volatility in advance of earnings announcements starting this week.

Nomad Foods, the renamed cash shell Nomad Holdings that has bought Iglo Birds Eye, raised around $321m of new equity on Wednesday in an accelerated bookbuild.

After a week’s hesitation, Deutsche Pfandbriefbank has gone ahead with its IPO. The bookbuild had been due to begin on Monday June 30, but Pbb and its leads delayed the launch, to consider how badly demand could be affected by the Greek crisis.

A pair of issuers have mandated in dollars as KfW blasted open the new issue market after a fortnight without fixed rate benchmark issuance.