With the uncertainty emanating from Europe and China, do not expect too much in the way of new issues.
Even Manulife shelved what would have been Singapore’s largest IPO in a year. http://www.straitstimes.com/business/companies-markets/canadas-manulife-to-delay-singapore-reit-listing-due-to-market-conditions
Here are some potential names to look out for.
- China Huiyuan Juice (A1) to issue 200m EUR 1.55% of credit-enhanced bonds – Citi, ABC
- China HNA Tourism (unrated), picks ABC Intl, Haitong Intl, Orient Capital (HK) and JPM for investor meetings in HK, Singapore from tomorrow.
- Korea National Oil Corp. (Aa3/A+/AA-) hires Citi, GS, HSBC, KDB and UBS for USD bond sale
- Korea Gas (Aa3/A+/AA-) hires Barclays, BofA, Deutsche, HSBC, Mizuho and UBS for planned sale of USD bonds
- Korea CJ CheilJedang (Aa3) overseas unit hires HSBC, BNP and Citi for USD $200 mio perpetual bonds
- China Overseas Land & Investment, CHIOLI, (Baa1/BBB+) names Agricultural Bank of China, BNP, DBS, HSBC and ICBC for EUR bond
- Kurdistan considering benchmark USD bond with GS, Deutsche
- Kazakhstan (Baa2/BBB/BBB+) hires Citi, JPM for USD bonds
- Indonesia Surya Semesta Internusa (unrated) plans to revise down size of USD 200m debut global bonds
- India Adani Ports (Baa3/BBB-/BBB-) plans first USD bond, sees sizable future borrowing. BofA, Barclays, Citi, Emirates Capital
- Pakistan (B3/B-) plans to raise USD1b selling global bond now stalled as street protests and higher US interest rates dim the debt’s appeal. Pakistan USD bonds – Asia’s best performers in past 6 months.
- Romania plans Eurobond sale after September, Popescu says
- IMH mandates banks for bond investor meetings in Europe
- Eastern Property Holdings plans $135m bonds at 7.25%
- Zambia (B/B) said to plan raising as much as $2b in Eurobonds now in trouble after S&P’s credit downgrade.
- Etihad Airways (A) said to be in talks about debut USD 1 bio bond issue
- Arab Petroleum mandates Standard Chartered, First Gulf Bank, NCB Capital, GIB Capital to arrange its debut sukuk.