News content
-
Uralkali, the Russian potash fertiliser producer, has added a further $25m to a recent loan agreement, which it had already increased by $100m last week.
-
The Co-operative Bank has mandated banks for its first public unsecured deal since its near collapse in 2013. The deal is an important step for the bank’s capital market’s rehabilitation but bankers are questioning whether the market is right for it.
-
Three heads of MENA DCM in Dubai have told GlobalCapital that regional corporate bond fees have been crunched over the last year and two of those expressed concern as to how this is affecting the the quality of execution in the region.
-
Electricity Generating Authority of Thailand (Egat) will open books to its infrastructure fund later this month, the first such issue from a state-owned entity in the country, which aims to raise Bt15bn ($445.99m) and comes with some unusual features.
-
The Gabonese Republic opened books on a $500m no-grow transaction on Tuesday morning, bolstering an African issuance volumes already at a record high.
-
A Saudi sovereign sukuk and corporate debt market reform would help prompt Saudi firms to turn to Islamic bond issuance, Fitch analysts said.
-
Despite a shortage of deals, leveraged loan investors are winning some battles against aggressive borrowers. The latest casualty is Schenck Process Group.
-
LBBW chose euros over dollars for its tier two trade on Tuesday, but demand for the deal was slow to show itself as investors retain the upper hand in an oversupplied market.
-
Haikou Meilan International Airport Company has opened books on a three year offshore renminbi offering, the company’s first foray into the dim sum market.
-
Korea Hydro & Nuclear Power (KHNP) raised $300m on June 8 as it continued its tradition of tapping the international bond market at least once a year since 2010.
-
Vital Mobile began pre-marketing its IPO in Hong Kong of around $100m on June 8, with the mobile phone parts maker confident of a good run despite going up against some high-profile deals next week when it opens books.
-
Haitong International Securities has made a rapid comeback in the offshore syndicated loan market, launching an HK$2bn ($258m) three year into general syndication on June 5. The borrower, which wrapped up its last fundraising only in April, has shaved the margin by 20bp since then.