UBS
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Nets, the Nordic payment systems and information services company, held a bank meeting on Thursday to market the €1.2bn-equivalent term loan backing its buyout by Advent International, Danish pension fund ATP and Bain Capital.
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WH Group delayed, restructured and shrank what would have been a $6bn IPO this week, after revelations about corporate governance gave investors qualms. The situation was undoubtedly made worse, however, by the issuer's decision to use a 29 bookrunner syndicate — a record for a Hong Kong IPO.
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Baosteel Group Corporation will start a series of investor meetings in the coming weeks for what will be China’s first exchangeable bond. While the roadshows will mainly be held in China, the deal — which could be worth as much as Rmb4bn ($644m) — is also being lined up for offshore investors.
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China National Offshore Oil Corporation printed a $4bn triple-tranche bond on Wednesday night with investors flocking to the 10 year portion, which attracted a $9.4bn final order book.
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Sinochem Hong Kong on Tuesday priced a $500m five year bond inside its existing curve, thanks to a trio of ratings upgrades which enabled the borrower to attract a high quality order book with a strong following by US accounts.
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Italian insurer Assicurazioni Generali took advantage of a good market tone to offer up a deal that combined several features of recent success stories: subordinated insurance debt, and Europe's periphery.
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Sinochem Hong Kong priced a $500m five year bond inside its existing curve on Tuesday night. The transaction came on the back of a trio of ratings upgrades for the issuer and was able to attract a high quality orderbook with a strong following by US accounts.
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Mainland trains manufacturer China CNR has started pre deal investor education for a Hong Kong IPO which could be worth up to $1.6bn.
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China National Overseas Oil Corporation opened the books for a three tranche transaction on Wednesday morning as the issuer embarks on its annual bond fundraising, joining a number of other Chinese state owned enterprises that have come to the market in recent weeks.
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Nets, the Danish payment and information services firm, will hold a bank meeting on Thursday to market €1.4bn of buyout loans.
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The world’s largest pork producer is restructuring its IPO just hours before pricing is due. WH Group is considering reducing its planned deal size by 50%, with discussions ongoing over whether or not the current price will work at all.
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Bank of Communications Financial Leasing has raised $500m with a new five year but was forced to offer a 10bp-15bp new issue premium to compete with the recent heavy Chinese bank supply and to tempt investors after the recent sell-offs.