Nomura
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Allied Irish Bank will sell its second senior unsecured benchmark since the crisis on Wednesday afternoon, a curve extending five year trade that has drawn a favourable response from investors.
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Woori Bank has picked banks for what would be South Korea’s first US dollar Basel III offering. -
Dutch corporate services company Intertrust Group has allocated €837m-equivalent of loans in euros and dollars, but investors in the deal plumped for security - the first lien tranche drew stronger support than the second lien.
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India’s Larsen & Toubro kick started the pre-marketing process for an $800m business trust Singapore IPO of its toll-road assets on Monday as it seeks to gauge investor appetite for out-of-favour yield stocks.
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GMR Energy has hired seven banks to manage an IPO which could be worth up to $300m and is due later this year, according to people familiar with the matter.
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Investors sank their teeth into tier two FIG debt this week, with insurance company NN Group, BBVA and NordLB each hitting the market in an otherwise quiet few days for the market, compared to recent weeks.
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A trio of SSA issuers took to the dollar market this week to sell aggressively priced deals, filling gaps in supply at the front end and belly of the curve. However, while deals this week may have thrived at very tight levels, syndicate officials have warned that issuers may need to be more reasonable in the levels they demand in the near future.
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NordLB launched a dollar denominated 10 year tier two bullet, capping off a week of mostly subordinated FIG issuance, after two senior-heavy weeks.
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NordLB is out with a dollar-denominated 10 year Tier Two bullet, capping off a week of mostly subordinated FIG issuance, after two senior-heavy weeks.
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Chinese hotel chain 7 Days Group Holdings, which went private in the middle of last year, is back in the market with a $300m five year facility, just months after signing a $120m loan to fund the buyout.
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The world’s largest pork processing company has launched its jumbo IPO with a 28-strong syndicate, which could results in some disagreements, particularly as the valuations of comparable companies are so diverse, said bankers on the trade.
