Primary Credit Watch

 

  • Bumi Serpong prices at 6.75%, IPT 7% area.
    Orders >$750m from over 70 accounts
    By region
    Asia 85%
    Europe 15%
  • Sinopec USD 5Y IPT +145bp Area, 10Y +160bp Area, 30Y +180bp Area
    Issuer: Sinopec Group Overseas Development (2015) Ltd.
    Guarantor: China Petrochemical Corp
    Guarantor ratings: Aa3/AA-/–
    Expected issue ratings: Aa3/AA-/–
    144A/Reg S
    UOP: GCP of overseas businesses and to refinance existing debt
    JGCs: Citi, HSBC, Goldman Sachs, Bank of China, Deutsche Bank
    JBRs: Citi, HSBC, Goldman Sachs, Bank of China, Deutsche Bank, BofAML, CCB Intl, DBS Bank, ICBC Intl, ING, JPMorgan, Mizuho, Morgan Stanley, SG CIB, StanChart
  • Golden Agri-Resources to Sell SGD 3Y Bonds, IPT Mid-5%
    Issuer: Golden Assets Intl Investment Pte. Ltd.
    Guarantor: Golden Agri-Resources Ltd.
    Unrated
    JLMs/JBRs: Credit Suisse, MUFG, OCBC