UBS
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Westpac jumped into the green tier two market for the first time on Thursday, finding plenty of demand for the subordinated and labelled combination. -
The Philippines’ equity capital markets got another boost this week as Monde Nissin Corp was swamped by investors placing pre-launch bids for its upcoming billion-dollar IPO, set to be the country’s largest ever listing. The market is shaping up to be one of the busiest in southeast Asia this year, tapping into growth in the consumer sector. Jonathan Breen reports.
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Bombardier has exited Alstom, the French maker of rolling stock, having sold the last of its shares through a €506m accelerated bookbuild on Tuesday night.
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Westpac is set to sell its first green tier two deal later this week, becoming the latest financial name to tap growing demand for labelled subordinated debt.
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Bank of Ireland Group was more than three times subscribed for a new tier two on Tuesday, as it followed its domestic peer AIB Group in applying a green label to the asset class.
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JD Logistics has begun pre-deal investor education for its multi-billion-dollar Hong Kong listing, having won approval from the city’s bourse last Friday.
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Fuyao Glass Industry Group, an automobile glass maker, has raised HK$4.33bn ($558.5m) after selling a chunk of new shares at the top of the marketed price range.
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Philippines-based renewable power producer AC Energy has generated Ps12.4bn ($256.3m) in fresh equity, pricing a sale of new shares at the bottom of the marketed range, according to a source familiar with the matter.
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Greek banks are making the most of exuberant conditions in the financial markets in 2021, with Eurobank spying a golden opportunity to return to the senior FIG bond market this week. The next milestone is the country’s first additional tier one and, having just breezed through an equity raise, Piraeus is a prime candidate to open the market. Frank Jackman and Sam Kerr report.
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Vietnam property developer BIM Land JSC made its debut in the dollar market this week with a green transaction.
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Greek lender Eurobank returned to the market this week to land €500m of senior paper for its minimum requirement for own funds and eligible liabilities (MREL) at a yield above 2%, proving the market is there for even for very risky credits.
