UBS
-
Chinese automotive window manufacturer, Fuyao Glass, has filed a preliminary prospectus with the Hong Kong Stock Exchange. The company hopes to raise $600m, said a banker close to the deal.
-
Heathrow has signed a £2.15bn refinancing of its revolving credit and liquidity facilities with a syndicate of 22 banks. The loan comprises a £1.4bn revolving credit facility and a £750m standby liquidity facility.
-
Combined books for Kazmunaigas’s dual tranche $1.5bn dollar bond had reached $9bn at their peak before pricing on Friday inside its own curve, despite KMG having cut the change of control clause in its bond documentation to 75% state ownership.
-
Skandinaviska Enskilda Banken has begun a roadshow for its debut additional tier one capital issue. Along with a potential pair of capital trades from Australian banks, it will provide the FIG market’s first true test of investor risk appetite since the European Central Bank’s banking system health check.
-
Intu Properties, the UK real estate investment trust, signed a £600m revolving credit facility on Friday. The five year loan carries a two year extension option.
-
Kazmunaigas has tightened priced guidance for its dual tranche dollar bond and books are “well over $5bn”, according to an origination official on the deal.
-
Market participants are bracing themselves for an onslaught of bank capital deals in the coming weeks after another member of China’s big four banks – China Construction Bank (CCB) – announced it will be meeting investors for a CNH tier two trade.
-
German property firm TLG Immobilien successfully placed €360m of its shares on the Frankfurt Stock Exchange on 23 October, in that week’s only IPO in Europe.
-
UBS has made a senior appointment to its leveraged finance team in Hong Kong, hiring a banker from a rival lender to head its leveraged capital markets for Greater China.
-
A $120m dividend recap loan for diesel engine component maker ASIMCO Technologies has become a talking point among bankers because of uncertainty over whether the arranging bank for the loan will take a hold in the financing.
-
UBS has made a senior appointment to its leveraged finance team in Hong Kong, hiring a banker from a rival lender to head its leveraged capital markets for Greater China.
-
Diesel engine component maker ASIMCO Technologies is in the market for a $120m dividend recapitalisation loan for sponsor Bain Capital (Asia). The deal, which is split into a term loan ‘A’ and term loan ‘B’, is being arranged by a single bank and is offering juicy margins to Asian lenders.