Free Trial

High-grade corporate bond issuance is...>

US PIPELINE
US PIPELINE: High-grade corporate bond issuance is quiet, as it's Friday, but
sovereign issuance is warming up for the near future: China to do its first US$
bond since 2004 this next Thursday and has named the leads and bookrunners:
-
Date $MM Issuer/Rating/Desc/Maturity/Yld/Leads; Priced *; Launch #:
10/26 $2B    China to do $2B deal Oct26: RegS $1B 5Y, $1B 10Y in HKG
- Leads/book mgrs: BOC/BOCOM/ABC/CCB/CICC/C/DB/HSBC/ICBC/STAND
- China last sold US$ debt in 2004:$1.7B $/EUR 5Y,7Y; new US$ bd to trade on
HKSE 
- S&P downgraded China rating by one step Sep 21 to A+, stable outlook
10/20 $1.0B  Canada Pensn Pln Invstmt Board Aaa/AA 144a/Regs 10Y BAML/BNP/DB/TD
10/20 TBD    Hanjin Bank: Potentl US$ deal w/ KEXIM Guar? BNP/DAIWA/GS
10/20 TBD    Philippines Baa2/BBB/BBB- US meetings Oct 6-13 C/DB/MS/SCB
10/20 TBD    Quatar eyed $9B in international bonds; no time set yet

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.