News content
-
Emirates Telecommunications Corp (Etisalat) increased its June 2019 dollar bonds to $900m on Tuesday, paying a single digit new issue premium for the tap.
-
China Communications Construction Co (CCCC) has secured the backing of its board for the H-share IPO of its dredging arm in Hong Kong, which is looking to raise about $800m.
-
The International Finance Corp (IFC) is looking to repeat its success of issuing offshore bonds in an Asian local currency, with a sale of up to $1bn-equivalent in Bangladeshi taka, writes Christina Khouri.
-
China National Offshore Oil Corp (CNOOC) executed a triple tranche offering on April 28, making it the second time a Chinese oil and gas firm has tapped the international bond market with a multi-tranche deal in two weeks. While CNOOC received less attention than rival Sinopec, it still managed to raise an impressive $3.8bn.
-
China Construction Bank Corp (CCB) has picked eight banks to work on what will be the first Basel III tier two deal from a Chinese bank in 2015.
-
Reliance Communications (RComm) finally made its debut in the dollar bond market on April 27 following an aborted deal last year. The borrower took no chances this time, with the $300m deal helped by an anchor order that covered two thirds of it.
-
Investors couldn’t wait to get their hands on Binhai Investment Co’s first outing into international bond markets, enticed by the borrower’s strong government link and its oil and gas background. But despite the overwhelming response the borrower capped the deal at $200m to protect its credit rating.
-
Chinese property developer New World China Land has launched a dual tranche financing of HK$2.2bn into general syndication, with three banks at the top.
-
Chinese online gaming company Perfect World has lined up two banks to help fund its take-private by chairman Michael Yufeng Chi. It is still unknown whether the $900m loan will go into a wider syndication, but if it does then a turn in sentiment on China and toned down Taiwanese participation could weigh on its prospects, writes Shruti Chaturvedi.
-
Bank of India (BOI) demonstrated this week that absence really does make the heart grow fonder, getting a rousing reception for its return to the international bond market. A large oversubscription allowed the borrower to raise the upper end of its targeted size and shave 20bp off initial guidance.
-
Brazilian cement company Votorantim Cimentos is planning a euro transaction and has picked banks for a May roadshow.
-
India’s Bharat Petroleum Corp (BPCL) has opened books to what will be its first dollar outing since October 2012. Ahead of its comeback, the Baa3/BBB- rated Indian borrower met potential investors in Asia and Europe.