Investors jumped into Greece’s first deal since a new government came to power earlier this month, gambling that the state’s huge debt pile will continue to be supported by the country’s official creditors.
Banca Monte dei Paschi di Siena negotiated concerns over its chequered past and an uncertain future to complete a long-awaited sale of subordinated debt last week.
Czech consumer finance company Home Credit has filed for a Hong Kong IPO, in a sign that Anheuser Busch InBev’s high-profile flop has not deterred other foreign companies from seeking to list on the exchange.
Lead banks are in talks with private debt funds and family offices to shift the unsold portion of a €1.8bn buyout financing for German chemicals group Evonik’s methacrylates plastics unit Madrid, and are considering launching a second syndication process.
Two of Australia’s four biggest banks last week made sizeable inroads into their newly increased capital requirements with a pair of record-breaking Tier 2 offerings that highlighted the gulf in size, tenor and pricing between local and international markets.
European leveraged loan bankers desperate for fees as a result of the ongoing low deal flow are frustrated after a handful of lucrative public-to-private financings have collapsed.
The Federal Deposit Insurance Corporation is considering dropping loan disclosure requirements for bank issued private RMBS, in a bid to boost bank participation in a market that has struggled to recover from the financial crisis and is now dominated by non-bank issuers.
Danish cancer drug developer Genmab collected US$581.8m in a record-setting Nasdaq debut last week.
The withdrawal of the up to HK$76.6bn (US$9.8bn) IPO of Budweiser Brewing Company APAC dealt a blow to the Hong Kong stock exchange, and some bankers even questioned whether Asian markets have the depth to absorb listings of its size.
International bond sales from China’s property sector show no sign of abating despite new restrictions on the use of offshore bond proceeds in a bid to clamp down on property speculation.
French public sector financial institution Caisse des Depots et Consignations priced a ¥15bn (US$140m) three-year Samurai bond issue at par to yield 0.06%, thought to be the lowest coupon ever achieved in the Samurai market.