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Faurecia, the French car parts maker, said on Monday it wanted to issue€500m of bonds to redeem a note due 2019, in a market that has already seen refinancing issuers achieve substantial price cuts.
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Struggling Afren is in talks with bondholders to restructure its Eurobonds due 2016. The company missed a coupon payment on its February 2016s earlier this month.
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Albaraka Turk has picked banks for a two year syndicated murabaha facility, just days after the Lira hit a new all-time low against the dollar.
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ADCB Finance sold its first ever print in Hong Kong dollars on Monday and there could be more to come.
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Qatar National Bank’s attempt to raise a $3bn loan is progressing in general syndication but has not received the demand that some expected.
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The euro senior market was off to a quick start on Monday, with Allied Irish Banks and Deutsche Bank opening the market with five and 10 year deals.
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Montenegro is looking to extend its curve with a euro bond up to €500m, potentially its largest yet.
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Korea’s Woori Bank (WB) is due to sign a $500m multi tranche financing this week. The self arranged club loan is paying banks razor thin margins.
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South Korea’s NS Shopping has opened books for its W206.4bn ($185m) domestic listing, after receiving the regulator’s go-ahead for the IPO in February. Institutional bookbuilding is scheduled for just two days, with bankers counting on the company’s solid credentials in its sector and its reasonable valuation to help generate demand.
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Thai mall operator Platinum Group has priced its IPO close to the top of guidance to raise Bt5.18bn ($160m), buoyed by interest from local and foreign investors even though the trade was a domestic-only offering.
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The bonds of troubled Chinese property developer Kaisa Group Holdings took a hit on the morning of March 9 following the announcement of its offshore debt restructuring programme.
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AIA Group returned to the international bond market last week, printing a $750m 10 year bond that targeted US investors.