Nomura
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Société de Financement Local (SFiL), a French agency, sold its inaugural dollar trade this week, issuing into an otherwise quiet market. -
French agency Société de Financement Local (SFiL) raised $1bn with its first ever dollar bond on Wednesday, while the German State of North Rhein-Westphalia pushed out its curve to 2048.
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The MR5.9bn ($1.4bn) IPO of Lotte Chemical Titan Holding, the Malaysian arm of South Korean conglomerate Lotte Group, is oversubscribed as the roadshow heads to London on Wednesday evening, according to a banker on the trade.
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India’s Au Small Finance Bank has set the price guidance for its IPO scheduled for later this month, expected to raise up to Rp19.1bn ($296.7m), said a banker close to the deal.
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Tejas Networks launched its Rp7.8bn ($120.8m) India IPO on Wednesday with Abu Dhabi Investment Authority as the largest anchor investor.
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Korea East West Power Co (EWP) broke back into the market after a three year hiatus, grabbing $500m from a five year bullet on Monday.
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Bombay Stock Exchange-backed Central Depository Services India (CDSL) is set to bring the country’s first IPO of a securities depository, with its Rp5.2bn ($81.4m) deal launching next week.
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Korea East West Power Co (EWP) opened books for a dollar deal at the Asia open on Monday, making a comeback to the debt market after a three year hiatus.
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AL Learning, an education company backed by private equity firm Advent International, has approached banks for a S$178m ($128.8m) loan through three mandated lead arrangers and bookrunners.
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Liberty Global’s UPC Holding locked in a coupon of below 4% for a 12 year bond, the longest maturity for a new deal in the European high yield market so far this year.
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India’s cabinet has approved the IPO of Indian Renewable Energy Development Agency (Ireda), the chief financier of the country’s renewable energy ambitions.
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Singapore’s HRnetGroup is set to price its IPO at the top of guidance after investors from all walks of life turned up for a piece of the S$174m ($126.0m) float, according to sources close to the deal.
