Nomura
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The sterling market provided the only senior financial supply this week, with Dexia Crédit Local and Credit Suisse selling deals at the short end. A juicy spread over other highly rated paper propelled Dexia’s government guaranteed issue to exceed expectations, while Credit Suisse also drew strong demand for its floater.
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French medical diagnostics firm Sebia has launched a €709m-equivalent loan to back its acquisition by Astorg and Montagu, but some lenders are wary of the deal’s high leverage. -
Indonesian company Samudra Energy, which operates in the oil and gas sector, is looking to list on the Singapore exchange in an IPO expected to raise around $220m.
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Exotix hires for sales from StanChart — Bonetti heads global markets equity origination at Nomura — StanChart picks Vrontamitis for head of trade — Stehli builds Mizuho CLO team with new hire — SFOA appoints board member, vice chairman
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French medical diagnostics firm Sebia has launched a €709m-equivalent loan to back its acquisition by Astorg and Montagu, but some lenders are wary of the deal’s high leverage.
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Dexia Credit Local surprised syndicate bankers on Wednesday with the scale of demand it drew for a three year government guaranteed sterling print. A juicy spread compared to agencies that print in sterling allowed the issuer to easily surpass size expectations.
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Short dated sterling paper was the only visible supply in senior on Tuesday, with Credit Suisse and Dexia Crédit Local both hitting the market. Dexia was planning to sell a three year fixed rate bond, while CS opted for a two year floater.
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International Finance Corp made a quick start to its funding year this week, when it raised $3bn of five year money at a very tight level, just a day into its new funding programme. The borrower expects to pick up an increased amount of funding in non-core currencies this year.
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UK frozen foods producer Iglo has priced the loans and bonds in its €1.7bn refinancing facility, and scrapped plans for a fixed rate bond in favour of just issuing a floating rate note.
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German industrial packaging group Mauser this week priced the tranches of its $1.6bn acquisition loan at the tight end of guidance and inside it, while keeping covenant-lite terms on all tranches but one.
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UK frozen foods producer Iglo has priced the loans and bonds in its €1.7bn refinancing facility, and scrapped plans for a fixed rate bond in favour of just issuing a floating rate note.
