Wells Fargo Securities
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The New Development Bank has appointed the syndicate to lead its second dollar benchmark, the proceeds of which will fund its coronavirus response. -
AIA Group has issued a $1.75bn subordinated bond, which will be the first to qualify as tier two capital under a new regulatory framework in the works in Hong Kong. Alice Huang reports.
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SSA borrowers, and supranationals in particular, have long aspired to break into the vast pool of domestic US investors. Thanks to a long-dated floater linked to Sofr, the World Bank has found a new means of accessing these investors.
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Great Portland Estates, the UK real estate investment trust, has sold £150m of US private placements.
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The International Finance Corporation has mandated banks to lead a 10 year dollar bond in what will be the fourth public sector borrower to sell a bond in this part of the curve this week.
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KfW opened up a window for 10 year dollar bonds in the public sector market on Tuesday amid a rise in long-dated US Treasury yields with two more borrowers hoping to find similar success in the tenor on Wednesday.
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Soaring demand and tight spreads lured repeat borrowers as summer dollar bond supply soared with $34bn of new issuance crammed into four days.
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Supermarket Income REIT, a UK grocery property investment company, has signed a £60m revolving credit facility, as sterling loans see a bump in demand.
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The hangover from the record breaking first half of the year in US high grade bonds continued to weigh on the primary calendar with just three borrowers taking home $1.85bn this week.
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Just two benchmark issuers — Mars and Hewlett-Packard Enterprises — came to the US corporate bond market this week, as earnings season pushed corporate America into blackout. But after a short lull, bankers expect a spike in issuance as companies try to fund before the US election.
