News content
-
This week GlobalCapital caught up with Kommuninvest on its plans to launch a green bond before the end of the year.
-
Sunrise Medical, a German wheelchair maker, will hold a bank meeting on Friday to market a €315m acquisition loan. Like many leveraged finance borrowers this year, it has preplaced the second lien.
-
Ferrero, the privately owned Italian chocolate maker, will not use any debt for its £112m bid to buy UK rival Thorntons. The deal is Ferrero's first acquisition of a branded competitor.
-
Ahold and Delhaize, the Dutch and Belgian food retailers, will not assume new debt for their all-equity merger. But with combined syndicated credit facilities of €1.4bn, there is room for refinancing ahead.
-
Chinese search engine Baidu raised a jumbo $1.25bn as it jumped into the short window between positive news of Greek debt negotiations and the launch of Bank of China’s mega deal this week. Baidu’s dual tranche offering crossed time zones to draw in investors from Asia, Europe and the US.
-
HSBC and Cooperative Bank braved an uncertain market on Wednesday morning to launch tier two paper, but it is clear that with investors still nervous clearing the pipeline is going to be expensive.
-
UBS is on track to print a five year senior note and had orders approaching €2bn for the third drive-by trade of the week.
-
Colombian state oil company Ecopetrol on Tuesday made its much anticipated return to bond markets for the first time since oil prices began to plunge, and priced a solid deal amid headwinds.
-
Korea Resources Corp (KoRes) has successfully secured an additional funding of $120m with a tap to its existing notes, while China SCE Property opened books for its first outing to the dollar bond market in two and a half years.
-
Fear returned the eurozone sovereign bond market on Wednesday morning, amid rumblings of opposition among domestic Greek MPs to the latest proposals on the country’s economic reforms.
-
Haitong UT Capital has closed books on a three year dim sum bond. The deal was multiple times oversubscribed and the familiar name managed to drive down its initial pricing.
-
Colombia provided the only source of new issue activity this week in the emerging markets (ex-Asia), but three new sets of investor meetings for rare CEEMEA issuers were announced, bringing hope that activity in the bond market may still pick up before the summer break.