UBS
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Dümmen Orange, the Dutch flower breeder, has allocated its acquisition loans in an early bird syndication. The facilities are for BC Partners’ buyout of the firm from H2 Equity Partners and the Dümmen family. -
Philippine property developer DM Wenceslao and Associates, which was expected to open books for its IPO of around Ps10.73bn ($227m) this week, has pulled the plug on the transaction until next year.
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The euro FIG primary market was bare on Thursday morning as the European Central Bank prepared to ease monetary policy, with bankers expecting its president, Mario Draghi to do one thing — beat their expectations.
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Dümmen Orange, the Dutch flower breeder, has allocated its acquisition loans in an early bird syndication. The facilities are for BC Partners' buyout of the firm from H2 Equity Partners and the Dümmen family.
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The UK printed a tap of its 0.125% index-linked gilt maturing March 2046 at the tightest spread to the benchmark since it was launched.
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China Communications Construction Co (CCCC) is holding off the planned $1bn spin-off of its dredging unit in Hong Kong until next year amid questions about its alleged involvement in land reclamation work in disputed islands in the South China Sea.
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Luxembourg-based airport services provider, Swissport, sold €690m of high yield bonds on Thursday to fund its acquisition by Chinese private equity group HNA.
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CRH, the Irish building materials group, breezed through the new issue market on Wednesday with a deal of more than €1bn in euros and sterling.
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Credit Suisse chief executive’s decision to scrap return on equity targets adds a dose of reality to a measure that is virtually impossible to use as a comparative benchmark for performance, writes David Rothnie.
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Bank of East Asia (BEA) executed a landmark trade this week, completing Asia’s first dollar liability management exercise into a Basel III instrument. With old style bank capital instruments losing capital value, market observers hope there will be more such transactions, writes Rev Hui.
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Baosteel Hong Kong Investment Co sold a $500m exchangeable bond this week at terms that were aggressive even at the bottom end. Bankers clashed over whether the mandate process, conducted like an accelerated bookbuild, was good for the market, writes John Loh.
