UBS
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Southeast Asia’s largest e-payment firm MOL Global filed for a $300m Nasdaq IPO on July 14, which could see it become the first Malaysian firm to go public in the US.
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The telecoms arm of Spanish gas utilities group Gas Natural Fenosa has issued price guidance on a €295m term loan ‘B’ to back its buyout by Cinven.
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Promsvyazbank is underlining that bond markets are open for Russian issuers, returning to the market with the tier two bond that it pulled in mid-March because of the Crimea crisis.
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The chairman and chief executive of Philippine’s Alliance Global Group, Andrew Tan, raised Ps7.87bn ($181.4m) on July 10 by selling a 2.7% stake in the company.
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Modernland Realty could be the first Indonesian name in the dollar market since last week’s still-undecided presidential elections. The borrower has launched an exchange offer for its outstanding 2016s and plans to issue a new five year dollar bond.
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E-commerce platform provider Cogobuy Group has raised HK$1.37bn ($177m) in its Hong Kong IPO, pricing the deal above the mid-point of guidance. Despite books being four times covered at the top of the range, the company still opted to price it lower to cater to top quality investors — and to ensure good secondary market performance.
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Future Land Holdings is out in the market with a new dollar bond less than a week after fellow high yield real estate company, Times Property Holdings, completed a dollar offering. Bankers hope that appetite for junk-rated property names is returning.
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Banco Popular Español postponed a sale of its second additional tier one (AT1) deal after launching the deal into a sell-off in the AT1 market that became progressively worse over the course of the morning. The Spanish bank was looking to issue the transaction at a level market participants said was surprisingly aggressive.
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Zurich Insurance cast a wide net to catch as many investors as possible with its first senior Swiss franc print of 2014 on Tuesday, offering three tranches to sell a total Sfr600m ($670.8m) of fixed and floating rate notes.
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Times Property Holdings made its third appearance in the international bond market this year on July 9, with a Rmb900m dim sum. The substantial handle attracted strong support from yield hungry investors and enabled the borrower to price well inside its existing curve.
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The telecoms branch of Spanish gas utilities group Gas Natural Fenosa is expected to launch a €295m term loan ‘B’ on Friday to finance its takeover by Cinven.
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Banco Popular Español postponed the sale of its second additional tier one (AT1) deal after launching the deal into a sell-off in the AT1 market that became progressively worse over the course of the morning. The Spanish bank was looking to sell the transaction at a level market participants said was surprisingly aggressive.