Standard Chartered
-
State-owned Metallurgical Corporation of China (MCC) is seeking a debut $300m offshore loan for a project in Papua New Guinea. -
Bankers brought a flood of Middle East bond supply to market on Tuesday, with four separate issuers — the Kingdom of Bahrain, DP World, National Bank of Fujairah and Islamic Development Bank — all announcing guidance for deals. The notes follow an already heavy week of supply from the Gulf, with Abu Dhabi having printed a $10bn triple trancher on the same day.
-
Strong investor appetite for Thai bank capital deals helped Kasikornbank beat expectations with its $800m Basel III-compliant tier two bond.
-
Two Chinese companies tapped dollar bond investors on Monday. One of the most active issuers this year, Zhenro Properties Group, came out with an aggressively priced $300m transaction, while a district-level government financing vehicle sold its debut offshore deal.
-
Korea Development Bank made a billion-dollar outing in the global bond market, and got away with offering very little premium to investors wooed by its safe haven status.
-
Standard Bank is set to raise at least $500m by the end of the year, the latest in a series of loans raised by South African banks in the past few months. The deal is expected to have tighter margins than its previous deals, according to market sources.
-
Hong Kong-based Li & Fung and Thai state-owned PTT have kicked off their liability management programmes, and plan to support their tender offers with new bonds.
-
DP World, the company responsible for operating Dubai’s ports, is buying back two of its outstanding bonds, becoming the fifth EM borrower to do so in September.
-
The Export-Import Bank of Korea (Kexim) turned to the Taiwanese market to raise Australian dollars, after finding a receptive audience for the currency.
-
A range of Chinese issuers, including two property developers and a local government financing vehicle, have raised funds from the dollar bond market.
-
-
Shandong Iron & Steel Group Co has made its annual return to the bond market, grabbing $500m thanks to support from foreign fund managers.
