Deal Case Studies
B&N and Otkrite to merge – Sberbank to withdraw from some European countries – Sibur issued a USD500mn bond – Armenia holds rates – Slovenia places a EUR700mn bond – Turkey to issue gold-backed instruments – Yields on Spain’s bonds spike after referendum
The City of Cape Town successfully placed ZAR1bn in new green bonds this Summer to fund a raft of sustainability initiatives in the city, proving once again that cities are a natural fit for sustainable finance instruments.
Mexican water products manufacturer Grupo Rotoplas saw tight pricing on the company’s – and the Latin American market’s – first sustainability bond to date, a very strong debut made more impressive by the fact that it was launched amidst one of the weakest primary markets Mexico has ever experienced.
Nacional Financiera SNC (Nafin) became the first Mexican agency to place a Yen bond in 14 years, following in the footsteps of the sovereign to price a JPY10bn 5-year bond at just 68bp over Yen midswaps.
EEHC, Egypt’s main electric power distributor, successfully completed one of the largest loan syndications in the region with the help of two major lenders, National Bank of Egypt and Banque Misr, which, in a pioneering twist, marketed the loan at discount rates on the secondary markets.
The third-largest privately-owned bank in Russia and 9th largest by total assets tapped the international debt markets to successfully boost its capital reserves and stay in line with the Basel III regulatory demands.
The state-owned company, which finances and promotes power sector projects in India, successfully launched its inaugural green bond, becoming the first Indian public sector corporate to issue USD-denominated “green” debt and supporting the central government’s sustainability drive.
The Brazilian National Development Bank (BNDES) made its first foray into the capital markets since 2014 a huge success when it priced the country’s largest green bond flat to its secondary curve, tapping into new liquidity pools in Europe and extending the tenor of its existing debt.
VCSA’s debut issuance through its Canadian subsidiary saw 3.7x oversubscription rate on its long US$500mn 10-year notes, allowing the company to optimize funding and extend average debt life at minimal cost.
Qatar Reinsurance Company Limited (QatarRE) found a narrow window to launch its debut US$450mn hybrid Tier 2 notes to achieve a number of firsts including the most oversubscribed issuance from the MENA region, the tightest coupon on a hybrid capital issuance in the region, and the first US dollar denominated capital market issuance from an insurance company out of MENA.
- CASE STUDY: Minerva Sees Aggressive Pricing on US$1bn Bond
- CASE STUDY: Wheeler-Dealer Iochpe Maxion Rolls Out a US$275mn Syndicated Loan
- CASE STUDY: Tinkoff Bank Bursts Into the Dollar Market with US$300mn Perp Eurobond
- CASE STUDY: KNPC Seals US$6.25bn Loan in Largest ECA-Backed Corporate Transaction Ever
- CASE STUDY: After Year of Preparation, ACWA Powers Through with Blockbuster Debut
16 Oct 2017
13 Oct 2017