Danske Bank gave a glimpse into the concession demanded by buyers of Additional Tier 1 debt as it brought the first such trade for two months following a protracted bout of volatility.
When Campbell Soup came to the investment-grade bond market in March with a US$5.3bn deal to finance its acquisition of Snyder’s-Lance, investor response was lukewarm.
Chinese smartphone maker Xiaomi has covered its Hong Kong IPO of up to HK$48bn (US$6.1bn) at a lower-than-expected valuation, following its surprise move to delay a landmark offering of China depositary receipts.
Novo Banco is hoping to sell a €400m Tier 2 bond in what would be the biggest capital markets test for the beleaguered Portuguese lender since a rescue package agreed in 2017.
Banks arranging nearly US$36bn of loans to support Walt Disney’s sweetened US$71.3bn bid to buy Twenty-First Century Fox’s media assets stand to pocket around US$200m in fees, boosting profits from an increasingly hot market for acquisitions.
Index provider MSCI’s decision to add Argentina and Saudi Arabia to its emerging markets index last week provided a much-needed boost to an asset class seeing considerable pushback of late.
Export-Import Bank of Korea last Thursday raised an impressive ¥120bn (US$1.08bn) from the biggest Samurai bond issue ever from Asia ex-Australia, making the most of the positive momentum following the historic summit between the US and North Korea.
Australia’s under-utilised bond market may receive a welcome fillip if the opposition Labor Party, which is ahead in the polls, wins the next federal election.
UBS is eyeing a fresh milestone for Evidence Lab, the venture it set up four years ago to make better use of “big data” in its research, with the Swiss lender on the cusp of generating new revenue streams from the wealth of data it has built up.
Europe’s investment-grade corporate market is showing signs of recovery after a few tough weeks, led by Bayer’s jumbo offering, though issuance windows are fitful.