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Abengoa, the Spanish engineering and renewable energy firm, on Thursday ticked the savings box with €375m of senior unsecured notes that achieved final terms below the 8.5% 2016 bond they are set to repay. -
The FIG market could be set for a spate of issuance from the eurozone’s periphery in the coming weeks, with bankers tipping other financial institutions to follow Spanish pair CaixaBank and Ibercaja into the primary market.
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Dutch postal company PostNL has refinanced a €400m revolving credit facility after agreeing to sell its 14.7% stake in TNT Express, worth €642m, to Federal Express.
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Dubai’s Noor Bank has mandated eight banks to arrange its debut benchmark dollar sukuk and has set roadshow dates.
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Dutch postal operator PostNL has closed a €400m five year multicurrency revolving credit facility that will replace a €570m revolver due in 2016 newat lower cost.
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Top Right, the UK information and events group owned by Apax, has allocated its £435m-equivalent refinancing loan with a small change to the deal’s dollar tranche.
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Petróleos Mexicanos has tightened price guidance for its dual tranche euro bond as combined books for the seven and 10 year deals hit €5.25bn.
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Bahrain’s Ahli United Bank has mandated Goldman Sachs, HSBC and Morgan Stanley to arrange a tier one dollar bond.
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Central bank reserve managers see the renminbi’s stature as a reserve currency growing to 10% share of global reserves by 2025, according to a survey conducted by HSBC and Central Banking Publications, released on April 13.
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Sky Light Holdings is planning an IPO in Hong Kong by the first half of the year, with the share sale being managed by sole sponsor BoC International.
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Commerzbank’s tight tap of its recently priced €750m three year bond on Monday was based on feedback the original issue was illiquid because of its small size.
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Great Eastern Holdings has raised HK$4.30bn ($555m) by divesting some of its shares in New China Life Insurance, in a deal that has trumped many others in size to become the second largest block in Hong Kong so far this year.
