ASIA RECAP
- ICBC sells $500m 5Y notes at +120bps, IPT +145 area
- China Aoyuan sells $250m 3Y bonds at 10.875%, IPT 11.625% area
- Hsin Chong prices $50m tap of 8.75% 2018 bonds at 101.25, IPT 8.365% area
- Beijing State Owned Assets sells $300m 5Y at +160, IPT +185, $700m 10Y at +205, +230 area
- Westpac sells $1b 3Y fixed bonds at +65, IPT low +70 area; $500m 3Y FRN at 3mL+43; $1b 5Y fixed bonds at +80, IPT high +80 area
UPCOMING DEALS
- ANZ Mandates Banks for USD 5Y 144a/Reg S Covered Bond Lender mandates ANZ, GS, HSBC, RBC CM. Expected issue ratings: Aaa/–/AAA
- ICBC Singapore to Sell $Bench 3Y Bonds, IPT +125bp Area (2.20% YTM)
Issuer: Industrial & Commercial Bank of China Ltd, Singapore Branch
Issuer ratings: A1/A/–
Expected issue rating: A1/–/–
Reg S senior unsecured
UOP: Finance Issuer’s operations, GCP
JLMs/JBRs: ANZ, Citi, DBS Bank, ICBC SG, StanChart
Co-manager: ICBC Malaysia
- Starhill Global REIT to Sell SGD125m 8Y Bonds, IPT 3.4% Area
Issuer: Starhill Global REIT MTN Pte. Ltd.
Guarantor: HSBC Institutional Trust Services (Singapore) Ltd. (in its capacity as trustee of Starhill Global Real Estate Investment Trust)
Expected issue rating: –/BBB+/–
Reg S
UOP: Refinancing and/or for working capital
JBRs: DBS, RHB Sec