Bankers brave multiple risks (for a drink)
The response of people to the coronavirus has been nothing short of inspiring. Not least bankers’ creative solutions to carry on drinking. Taipan considers the best —and worst — options.
Nio wins tight pricing for $1.3bn dual-tranche CB
Electric vehicle manufacturer Nio raised $1.3bn from a dual-tranche convertible bond this week, while trimming its existing debt with a concurrent buyback.
First Resources seeks $150m dual-currency loan
Singapore-listed palm oil company First Resources is tapping the loan market for a $150m-equivalent dual-currency deal.
EM FIG trio storm into market seeking dollars and euros
Turkey’s Yapi Kredi, Russia’s Credit Bank of Moscow and Banque Ouest Africaine de Banque Ouest Africaine de Développement have all approached investors this week to sound out interest in hard currency bonds.
Room for high yield EM credits ‘no issue’ as Oman returns for dollars
The Sultanate of Oman’s return to debt markets is proof to some that the market is wide open for high yielding emerging market issuers. The sovereign mandated banks for a dollar deal as investors, hunting for yield, appear undeterred by volatility in the US rates market.
Locker company InPost preps €2.5bn-plus Amsterdam IPO
InPost, the Polish provider of postal lockers, has launched an IPO on the Amsterdam stock exchange, seeking to build on the momentum of compatriot e-commerce companies in equity capital markets exemplified by the IPO of Allegro last year.
Colombia, Itaú tighten but Lat Am bankers sense waning momentum
Two of Latin America’s most established borrowers, the Colombian sovereign and Brazilian bank Itaú, returned to international bond markets on Tuesday. Though both issues were priced roughly as expected, bankers on and away from the trades said there were signs that Lat Am’s roaring start to 2021 was losing steam.
Nueva Elektra notches senior secured bond in group’s first IG deal
Mexican firm Nueva Elektra del Milenio sold $500m of seven-year senior secured bonds on Tuesday, benefiting from a structure that granted it an investment grade rating.
BMW pushes revolving period in auto ABS return
BMW Automotive Finance (China) Co has priced the senior tranche of its Rmb8bn ($1.24bn) Bavarian Sky China 2021-1 auto loan ABS, a deal with the longest revolving period seen in recent years in the onshore market.
Cinda snaps up $2bn from four bonds
China Cinda Asset Management gave investors a host of maturities to choose from on Tuesday by selling a $2bn four tranche deal.