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FMS Wertmanagement placed a short three year bond in sterling on Tuesday, while the European Investment Bank announced a tap of a 2021 line in the currency.
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Sivantos, the renamed spinoff of Siemens Audiology Solutions, has launched a repricing of a €785m leveraged loan backing its buyout by EQT, which closed last December.
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Chinese automobile dealer Zhongsheng Group Holdings has hit the market for a three year financing of $150m, with one bank in the driver’s seat. The loan is offering generous returns, in line with the uncertain outlook for the borrower’s industry.
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ABN Amro priced the first FIG senior green bond in euros on Tuesday in less than favourable market conditions. But the borrower did not pay up to go green.
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Capital issuers are caught between a rock and a hard place, with a “bucket load” of supply waiting in the wings and each premium-laden trade widening the market for others, said bankers on Tuesday.
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Innocean Worldwide Inc, the advertising arm of South Korea’s Hyundai Group, has started the ball rolling on its IPO, testing investor demand for a $300m deal on Tuesday.
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Cosmos Boom Investment has launched an up to $290m convertible bond, which not only comes with a guarantee but is also backed by a standby letter of credit from one of the big four Chinese banks.
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Emaar Economic City, the consortium joint venture between Dubai's Emaar Properties and Saudi investors, has signed a Sr1bn ($267m) Islamic loan facility with Saudi banks.
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Korea's Woori Bank has announced what will be the first Basel III additional tier one (AT1) from a non-Chinese bank in Asia ex-Japan. As a first of its kind bankers are given investors time to consider the structure and give feedback on pricing ahead of opening books.
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Uralkali has added $100m to a loan it recently signed with international banks, demonstrating the benefit for Russian borrowers of including an accordion feature.
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Bank of Sharjah priced its first international bond deal on Monday and bankers are adamant investors want more form the Middle East despite the recent supply glut.
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Moody’s is expecting an upturn in fortunes for the Chinese property sector as the effects of supportive monetary and regulatory policies implemented by China since the second half of 2014 start to gather momentum.