JP Morgan scoops BASF tap with aggressive backstop
JP Morgan made an aggressive manoeuvre in the equity-linked bond market on Tuesday night, by placing a $250m tap of BASF’s innovative bond with warrants, having outbid other banks, including Deutsche...
View ArticleUnited brings EETC securitization to market
United Airlines is selling the ‘B’ notes of an enhanced equipment trust certificate (EETC) offering to fund the purchase of 18 aircraft early this week, as investor demand for aircraft ABS continues to...
View ArticleIssuers target tightest 2017 pricing for new conduit CMBS
Issuers have given price guidance for the $1.13bn BANK 2017-BNK8 conduit CMBS deal, targeting the tightest super senior triple-A pricing of 2017.
View ArticleHainan Airlines makes short hop into dollars
Hainan Airlines Holding Co sold another short dated bond on Thursday as the company deals with the consequences of the Chinese regulator’s offshore sale approval process.
View ArticleChina names price for long-awaited dollar bond
The People’s Republic of China opened books on Thursday for its highly anticipated $2bn bond, its first issuance in the offshore dollar market in more than a decade.
View ArticleHuarong AMC to follow its sovereign offshore
China Huarong Asset Management Co is gearing up a return to the offshore bond market for the third time this year. The mandate came right as China completed its first international bond in over a...
View ArticleHDFC Standard Life, Khadim flesh out IPOs
HDFC Standard Life Insurance Co has announced a price range for its IPO, which could raise up to Rp86.9bn ($1.3bn) for its two biggest shareholders.
View ArticleCAF eyes South America’s first Panda bond by year-end
Latin American development bank Corporación Andina de Fomento (CAF) is gearing up for its debut Panda bond before the end of 2017, which would make it the first in the format from South America. But...
View ArticleIndian state sells down NLC stake for $112m
The Indian government has raised around Rp7.28bn ($111.9m) after offloading part of its holding in NLC India through a popular offer-for-sale (OFS).
View ArticleHainan Airlines lands $300m for urgent refi
Hainan Airlines Holding Co on Thursday ventured out with a 364-day bond, running its deal in parallel with China’s sovereign bond. The issuer paid a premium over its curve, but the deal ended up nearly...
View ArticleChina resets Asia with dollar bond return
The Asian bond market opened with elation on Friday, following China’s blockbuster dollar transaction on Thursday that reset the curves not only of Chinese issuers, but for the rest of Asia as well.
View ArticleAll that glitters: Crystal wraps up $490m IPO
Crystal International Group raised HK$3.8bn ($489.5m) with its Hong Kong IPO after pricing the shares near the wide end of terms on Thursday.
View ArticleI Squared connects with 32 banks for $914m LBO loan
Allotments are out for a HK$7.137bn ($914.7m) loan that to support private equity firm I Squared Capital’s acquisition of Hutchison Global Communications (HGC).
View ArticleChina Minmetals digs interest for debut perp
China Minmetals Corporation is sounding out investors for its inaugural perpetual offshore bond. It will meet with fixed income accounts early next week.
View ArticleYes Bank exits with bigger $250m fundraising
The four mandated lead arrangers and bookrunners of a $250m Taiwan-targetted loan for Yes Bank brought in 14 banks during general syndication, said sources close to the trade.
View ArticleCorporate bond week ahead: hot market, but holiday will restrain issuance
Syndicate bankers were quietly confident that the European Central Bank would not surprise with its quantitative easing announcement on Thursday, and they were proven correct. While only RCI Banque...
View ArticleRCI Banque follows euro FRN with rare sterling offering
Euro corporate bond investors see RCI Banque as a frequent borrower, pricing new issues multiple times a year. But it remains a rare name for sterling investors. On Friday it sold its first bond in the...
View ArticleSterling ABS investors push back on spreads
Issuers’ confidence in limitless demand for ABS has been dented somewhat, as buyers pushed back on two sterling deals to widen pricing from initial guidance this month.
View ArticleLCH appoints new COO
London based clearing house LCH Group has revealed that John Horkan, the head of its North American operations, will become COO of the company.
View ArticleFunding scorecard: supranationals
This week's scorecard looks at the funding progress various supranationals have made in their programmes as the end of the year approaches.
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