Standard Chartered
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China Eastern Airlines Corp has named banks to lead its first Singapore dollar bond, with a roadshow being held next week. -
Books for Credit Europe Bank’s $150m tier two bond were at $375m on Thursday afternoon as the bank set the launch price for the deal at 7.25% yield.
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Several Chinese borrowers have hit the loan market for two year money in recent months, in contrast to more established firms from the mainland which are pushing out tenors on their borrowings. While typically banks and borrowers prefer to lock in longer-term loans, for some the nature of the business and the lenders’ unfamiliarity with the company necessitates a shorter life to mitigate risks.
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The dim sum market’s recent issuance run is set to continue after Hitachi Capital (UK) priced a three year deal on November 2 – less than two months after the issuer sold a Formosa bond.
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Indonesian power producer Indika Energy launched a dollar bond on Thursday, turning to investors more than a month after a roadshow for the proposed transaction.
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Saudi Electricity Co’s $1.75bn loan has been successfully sold down to four other banks.
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Oman electrical distribution company Mazoon has opened books on a 10 year sukuk with a chunky premium at mid to high 5%, leading to plenty of investor interest — despite the glut of Middle Eastern trades.
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China Huarong Asset Management Co priced an almost $3.4bn five tranche bond in two currencies on Tuesday, restarting supply from Chinese financial institutions after the sovereign repriced the curve last week.
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Standard Chartered has made changes to its top ranks in Asia, giving some bankers additional responsibilities.
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Standard Chartered Bank has relocated one of its DCM bankers to Dubai.
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Standard Chartered has added a debt capital markets banker with over 10 years of experience to its team in Hong Kong, bolstering the Greater China business.
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China Jinmao Holdings Group priced its third perpetual bond of the year on Monday, raising $300m from a subordinated deal that will mainly be used to repay bank loans.
