Nomura
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BMC Software, the US IT management firm, joined a packed European leveraged finance market on Monday with a €650m term loan refinancing, one of several deals launched since late last week.
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Nomura has reshaped the management team of its wholesale division, which includes investment banking and markets. Former co-head of wholesale Kentaro Okuda will become regional head for Americas, while Minoru Shinohara, executive chairman in EMEA, becomes co-head of wholesale, relocating from London to Tokyo.
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Philippine-based Wilcon Depot is planning to open books on March 20 for a Ps7.9bn ($156.8m) IPO, according to a notice on the country's stock exchange.
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Verisure joined the runaway repricing train in European leveraged loans this week, launching a €350m term loan ‘B’ as it looks to refinance an existing Swedish kroner facility paying more than 500bp.
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The Province of Ontario and Rentenbank tapped bonds at the long end of the Kangaroo curve this week, while the Asian Development Bank (ADB) mandated banks for a new Australian dollar bond.
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The Asian Development Bank is set to issue a 10.5 year Australian dollar bond on Friday.
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UK gaming group GVC Holdings has signed a €320m loan package marking its entry into the syndicated loan market in a deal said to have been heavily oversubscribed.
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Natwest Markets, the wholesale banking business of Royal Bank of Scotland, has hired for its bond trading team Hussain Nasser, who left SC Lowy in November.
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KfW and the European Bank for Reconstruction and Development took full advantage of a strong environment to sell dollar benchmarks on Tuesday. Further dollar issuance is rumoured this week — with conditions so good that deals may come despite potential volatility from US president Donald Trump making his first speech to Congress during the New York evening on Tuesday night.
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The four banks under investigation by the US Department of Justice and other authorities for manipulation of SSA trading have made little, if any, mention of the risks of the probe in their reporting and regulatory filings.
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The public sector dollar market is showing a few signs of life this week as KfW and the European Bank for Reconstruction and Development picked banks for benchmarks, while the Bank of England launched its annual foray in the currency.