Latest news with #corporatebond
Bloomberg
a day ago
- Business
- Bloomberg
Top Philippine Bank Issues Nation's Largest Private Bond
BDO Unibank Inc. raised 115 billion pesos ($2 billion) from the Philippines' largest corporate bond sale, highlighting strong demand from investors seeking attractive return. The bank's fourth-peso denominated ASEAN sustainability bond will mature in one-and-a-half year and fetched a coupon of 5.875% annually. BDO, the nation's largest lender, will use the proceeds to finance green projects, support lending and diversify its funding sources.
Bloomberg
16-07-2025
- Business
- Bloomberg
Japan Chipmaker Kioxia Sells $2.2 Billion of Bonds in Debut Deal
Chipmaker Kioxia Holdings Corp. sold $2.2 billion of US junk bonds in its first corporate debt issuance, becoming the latest Japanese firm to storm overseas credit markets. The sale involves $1.1 billion each of five- and eight-year notes after initially targeting $1.5 billion of combined issuance, according to a person familiar with the matter. The bonds will respectively yield 6.25% and 6.625%, an eighth-point less than earlier price talk, said the person, who asked not to be identified as they're not authorized to speak publicly.
Zawya
01-07-2025
- Business
- Zawya
Vision 2030 investments driving Saudi equity markets growth: S&P
With Saudi authorities continuing to invest in developing the domestic corporate bond and sukuk markets, the development of the kingdom's financial markets is likely to accelerate, stated S&P Global Ratings in its report "Local Ambitions, Global Lessons: Benchmarking Saudi Arabia's Domestic Corporate Bond And Sukuk Markets." In this report, the ratings agency also examines the development of sukuk markets in Latin America, Europe, the Middle East, and Asia. In emerging Asia, the development of deeper domestic capital markets has been a consistent economic policy, even though the depth and composition of domestic bond markets vary widely. "The development of Saudi Arabia's overall financial markets continues to accelerate due to large-scale Vision 2030 investments, regulatory reforms, initiatives to attract overseas funding, and investments in capital markets infrastructure over the past decade," said S&P Global Ratings credit analyst Timucin Engin. "The markets' growth will help companies to diversify their funding bases and secure long-term capital," he noted. The kingdom's Vision 2030 projects are aimed at developing a liquid local-currency debt capital market with diverse issuers and investors. Significant hard currency issuance by nonfinancial corporates began only a few years ago, but it's starting to speed up. "Deeper domestic capital markets all share the same characteristics of high issuer and investor diversity, stringent and timely disclosure requirements, good liquidity, and high-quality market infrastructure," said S&P Global Ratings credit analyst Xavier Jean. "Malaysia's and Thailand's in particular have been well developed for decades. Malaysia hosts the most developed Sukuk market globally, now accounting for over 60% of global issuance," he added. "The 1981 privatization of the pension system enhanced the demand for domestic fixed income products in Chile," said S&P Global Ratings credit analyst Luca Rossi. "The development of a solid local bond market was facilitated by a favorable legislative framework, promoting transparency and investor protection," he added. Similarly, the role of the central government was crucial in Brazil in supporting the ascent of local institutional investors and promoting the diversification of the corporate bond market, even through tax incentives (infrastructure debentures). KEY TAKEAWAYS *The Saudi domestic corporate bond and sukuk markets expanded at a steady pace over the past five years, while a limited number of issuers currently dominate the markets. Foreign participation and secondary trading are limited. S&P Global Ratings believes strategic investments in market infrastructure, policy support, and regulatory developments should support the markets' long-term growth. "We view the development of domestic bond and sukuk markets as supporting credit conditions in the country because companies can diversify their funding bases and access long-term capital, it added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
28-05-2025
- Business
- Zawya
Egypt: EFG Hermes advises on EFG Corp-Solutions' $52mln bond issuance
Arab Finance: EFG Hermes, an investment bank in the Middle East and North Africa (MENA) and a subsidiary of EFG Holding, has concluded advisory on an EGP 2.65 billion corporate bond issuance for EFG Corp-Solutions, as per an emailed press release. A subsidiary of EFG Finance, EFG Corp-Solutions is a company specializing in leasing and factoring in Egypt. This marks its fourth bond issuance. The bond, issued with a credit rating of A- from Middle East Ratings and Investor Services (MERIS), has a 13-month tenor. For this issuance, EFG Hermes acted as the financial advisor, transaction manager, bookrunner, underwriter, and arranger. Commercial International Bank (CIB) was the placement and subscription bank, while Dreny & Partners provided legal advisory services. KPMG served as the auditor. EFG Hermes continues its involvement in debt issuances in the region, having recently advised on several transactions, including Bedaya's sixth securitization issuance valued at EGP 1.64 billion and Valu's 15th securitized bond issuance worth EGP 1.036 billion. Other advisory work includes Bedaya's fifth securitization at EGP 1.78 billion, Sylndr's EGP 370 million working capital facility, and a short-term note issuance of EGP 433 million for EFG Corp-Solutions. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
bnok24
26-05-2025
- Business
- bnok24
EFG Hermes Concludes Advisory on EFG Corp-Solutions' EGP 2.65 Billion Issuance, Egypt's Largest-Ever Corporate Bond Issuance
EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today the successful conclusion of Egypt's largest corporate bond issuance to date, a bond issuance valued at EGP 2.65 billion for EFG Corp-Solutions, a subsidiary of EFG Finance and one of Egypt's leading leasing and factoring companies. This transaction marks as the fourth bond issuance for EFG Corp-Solutions The bond was issued with a credit rating of A- by Middle East Ratings and Investor Services (MERIS), with a 13-month tenor Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, commented on the issuance, saying, 'We are proud to have successfully advised on Egypt's largest-ever corporate bond issuance. This milestone reflects our commitment to delivering innovative financial solutions and supporting the growth of our clients. By leveraging our extensive network and expertise, we were able to fully cover the issuance through a diverse base of non-bank institutional investors—an achievement that reflects strong market confidence and the strength of the offering, with the issuance being completely covered from non-bank institutional investors. This broad appeal underscores the robust market position of EFG Corp-Solutions and highlights the synergies within EFG Holding Talal El Ayat, CEO of EFG Corp-Solutions, shares his enthusiasm, saying, 'This issuance marks a significant achievement for EFG Corp-Solutions and underscores our position as a leader in the leasing and factoring industry. The success of this bond issuance is a testament to the market's trust in our business model and our potential for sustained growth. We are excited about the opportunities this bond will create for our company and our stakeholders, and we look forward to leveraging this momentum to further expand our footprint and deliver exceptional value This transaction comes as the latest in a series of debt issuances advised by EFG Hermes in the region. Most recently, EFG Hermes advised on Bedaya's sixth securitization issuance worth EGP 1.64 billion. It also advised Valu on its 14th securitized bond issuance, worth EGP 463.3 million, as well as the fifth securitization for Bedaya, valued at EGP 1.78 billion. The firm also concluded advisory on Sylndr's EGP 300 million working capital facility, in addition to a short-term note valued at EGP 433 million for EFG Corp-Solutions EFG Hermes acted as the sole financial advisor, transaction manager, book-runner, underwriter, and arranger for the issuance. Commercial International Bank (CIB) acted as the placement and subscription bank. Legal advisory services were provided by Dreny & Partners, while KPMG was appointed as the auditor for the issuance Google News تابعونا على تابعونا على تطبيق نبض EFG Corp-SolutionsEFG Hermes جاري التحميل ...
