News content
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Pets at Home, the UK pet food and accessories retailer, has refinanced a credit facility, reducing its size from £325m to £260m.
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Wells Fargo launched its first sterling bond issue in over two years on Wednesday, showing the appeal of euro funding to US banks has faded since January.
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Indonesia’s Sumber Alfaria Trijaya has raised Rph1.54tr ($119m) from a combination of a top-up placement and a one-on-one subscription of shares, as part of a non pre-emptive offering that the company is contemplating.
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Standard Chartered plans to be a regular face in the dollar senior market as a result of Total Loss Absorbing Capacity (TLAC) regulation, after making a rare appearance this week with its first four tranche dollar trade.
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Changing investor attitudes towards contractual point of non-viability allowed Commonwealth Bank of Australia to draw a solid order book for a euro tier two deal on Wednesday.
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Moroccan fertilizer company OCP has released initial price guidance of 4.875% area for a 10.5 year dollar benchmark, offering around a 12.5bp new issue premium for the deal.
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Malaysia is making a rare appearance in the dollar market, opening books to a dual tranche offering on April 15. While the country’s first dollar outing in almost four years is already headline-worthy enough, the transaction is also notable for equaling Malaysia's record in terms of deal maturity.
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Turkiye Sinai Kalkinma Bankasi has tightened price guidance for its $350m five year bond to at 375bp-387.5bp over mid-swaps.
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New quarter, new money. The covered bond market swallowed five new deals on Tuesday and FIG bankers are predicting a surge of periphery and subordinated paper from banks in the next few sessions as issuers hunt fresh cash from investors.
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Indomobil Finance Indonesia has returned to the loans market for a $100m three year facility. The company has picked three mandated lead arrangers and bookrunners for the trade, which launched into general on April 14.
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SSA borrowers are struggling without a pricing rudder, while Wednesday's ECB meeting showed they aren't the only ones with central bank troubles.
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Two CEEMEA issuers have guidance out for new bonds — Moroccan fertiliser company OCP and Turkish bank TSKB — leading to hopes that the second half of this week will hold more new paper than the first.