ECB to dominate covered bonds despite tapering
The third covered bond purchase programme (CBPP3) will continue to exert a strong influence on the covered bond market for at least the next three quarters, though a material change could well start to...
View ArticleHelloFresh aims for €1.5bn valuation as pricing heads high
Bankers working on the Frankfurt IPO of HelloFresh, the German meal kit delivery company backed by Rocket Internet, have revised the price range to €10.25 to €11.50, the upper half of the €9 to €11.50...
View ArticleConfident HY market thirsty for €2.4bn Refresco LBO funding
Buoyed by Wind Tre’s landmark bond deal on Tuesday, European high yield participants say the market has shown there is demand for more jumbo deals — like Refresco’s €2.4bn buyout debt.
View ArticleEEX markets move to OTF status
The European Energy Exchange (EEX) and its natural gas exchange Powernext have turned their non multilateral trading facilities (non-MTF) into organised trading facilities (OTF) in advance of MiFID II...
View ArticleTMF Group dumps IPO and London, sells itself to CVC
TMF Group, the Dutch business services company, has abandoned its plans for an IPO on the London Stock Exchange in favour of a sale to CVC Capital Partners.
View ArticleMahindra Logistics nets anchors for $128m IPO
India’s Mahindra Logistics attracted 15 anchor investors before opening the order book for its Rp8.3bn ($128.1m) IPO on Tuesday.
View ArticleShougang follows up bond with $300m loan
Chinese steel maker Shougang Group has turned its attention to the offshore loan market, sending an invitation for an up to $300m financing a month after nabbing $400m from bond investors.
View ArticleFour sign up for China Modern Dairy's $300m loan
A group of four lenders has joined a $300m loan for China Modern Dairy during general syndication. The newcomers were not scaled back from their initial commitments.
View ArticleHon Hai wins over investors with $500m CB
Hon Hai Precision Industry Co’s first convertible bond in seven years attracted an impressive $3bn in investor orders, allowing the Taiwanese iPhone parts maker to get away with aggressive terms.
View ArticleInvestors enticed by Chandra Asri’s yield offer
Chandra Asri Petrochemical reeled in investors on Monday with its new dollar bond. The issuer offered some value compared to its peers, but still managed to grab itself a snug price.
View ArticleChina Jinmao builds $300m from latest hybrid
China Jinmao Holdings Group priced its third perpetual bond of the year on Monday, raising $300m from a subordinated deal that will mainly be used to repay bank loans.
View ArticleYixin previews $800m Hong Kong flotation
Yixin Group is pre-marketing a Hong Kong IPO to raise between $700m to $800m. The bookbuild is set to start next week.
View ArticleStanChart turns to ING banker for China DCM job
Standard Chartered has added a debt capital markets banker with over 10 years of experience to its team in Hong Kong, bolstering the Greater China business.
View ArticleChinese IPOs in the US are hot — with a risk of burning
Chinese listings in the US are continuing at a breakneck pace, with three more companies hitting the road this week. But a recent plummet in the price of freshly-listed micro-lender Qudian shows...
View ArticlePPDAI opens books in hunt for $323m
Chinese online peer-to-peer lending platform PPDAI Group has launched bookbuilding for an IPO of American Depository Shares.
View ArticleEFSF tipped for long end, Auckland lines up in euros
The European Financial Stability Facility should aim for a bond in the 10 to 12 year part of the curve if it wants to complete its funding for the year next week, according to an SSA syndicate...
View ArticleInkia powers up in grey after sub-6% 10 year return
Latin American power generation and distribution holding company Inkia Energy returned to bond markets on Thursday with a deal that left the market divided on relative value but performed strongly in...
View ArticleLat Am local creeps along with EPM, Hipotecario
Argentine lender Banco Hipotecario and Colombian utility EPM sold local currency deals on the international market this week but market participants said a limited buyer base is restricting momentum in...
View ArticleBimbo, Multibank join LatAm dollar pipe
Mexican baked goods company Grupo Bimbo and a Panamanian bank are ready to bring variety to Latin America’s bond market next week after meeting bond investors this week.
View ArticleVenezuela bondholders blindsided by shock restructuring announcement
Venezuelan president Nicolás Maduro’s announcement on Thursday that he would restructure the country’s debt left bondholders in “no man’s land”, after he appointed a politician that no US person is...
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