News content
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Zhongrong International Trust became the first company from China’s trust industry to price an international bond this week, fighting a soft market backdrop to raise $225m. -
New York Stock Exchange-listed Nord Anglia Education is offering shares in a follow-on deal that could raise $176.14m for the Hong Kong-headquartered international schools operator, going by its last close of $26.29.
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Brazilian aircraft manufacturer Embraer’s decision to wait to return to international bond markets appeared vindicated on Monday as it attracted a hefty book as conditions improved in LatAm credit markets.
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Mounting tensions over Greece’s debt repayments and continued volatility in eurozone government bonds has pushed iTraxx Europe wider than US credit index CDX IG, having traded 10bp-15bp tighter in March.
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Spie, the French electrical, telecoms and technical services company, will on Tuesday morning close the bookbuilding phase of its initial public offering, having told investors on Monday evening that orders below €16.50 risked missing out.
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US credit markets' ability to shrug off turmoil in Europe has been reflected in recent ETF trading, traders said this week, but hedging for a US interest rate rise is becoming a bigger headache.
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KKR launched on Monday evening (June 8) its first selldown of stock in Pets at Home, the UK pet retailer, since its IPO in March 2014.
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The second of Italy’s big bank rights issues this year has begun — the €850m issue for Banca Carige.
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A pair of issuers hit screens on Monday with five year mandates in dollars — and with initial price thoughts within a couple of basis points of one another.
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New Look, the UK fashion retailer, will begin a roadshow on Tuesday for a £1.2bn-equivalent high yield bond issue to redeem all its bonds and repay its PIK notes after being acquired by Brait, the investment firm.
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Belgium is mulling an entry to the syndicated inflation linked market — just as it sold in the structure for the first time via private placements.
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A first syndication from Germany since 2009 could be a reality this week — although syndicate managers on the mandate are still weighing up the health of the euro market.
