Latest news with #bondissuance
Bloomberg
17-07-2025
- Business
- Bloomberg
Boots Increases Dollar Loan Offering, Further Trims Bond Size
Banks selling the term loans backing Sycamore Partners ' acquisition of Boots have increased the minimum size of the dollar-denominated portion, while cutting the overall size of its bond issuance for the second time. The pharmacy chain upsized its dollar-denominated term loan B on Thursday to $1 billion from $750 million. It also trimmed its secured notes by $250 million-equivalent. As a result, the Boots Group 's total term loan B package now stands at $3 billion-equivalent, up from $2.75 billion.
Finextra
15-07-2025
- Business
- Finextra
Lithuanian fintech granted first DLT licence in Baltics
Axiology, a Lithuania-based tech firm operating in the digital assets space, has been granted a licence from the Bank of Lithuania to carry out digital bond issuance via the blockchain. 0 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The licence, authorised under the EU's DLT Pilot Regime, is the first such one to be issued in the Baltics-Nordics region. It also makes Axiology only the second firm in Europe to receive such authorisation. As a result, it will be to ramp up its service providing digital bond issuance, trading and settlement to SMEs and retail investors in the region. According to a statement from Axiology, the firm uses a permissioned version of the XRP ledger as the backbone of its digital assets market infrastructure. 'Despite years of policy work, Europe's capital markets remain costly, fragmented, and inaccessible to smaller participants,' said Marius Jurgilas, Axiology's CEO. 'This licence allows us to operate the full capital market stack under a single, digital-native structure providing process synergies, cost savings and efficiency gains.' The licence award comes at a time when Lithuania looking to build on its status as one of Europe's most active fintech domiciles by amending its regulatory framework to lower the compliance burden for low-risk companies. According to Invest Lithuania, the country's investment promotuion agency, the new framework has been developed to be more in line with the EU's latest Anti-Money Laundering and Counter Terrorism Financing rules by enabling companies with lower-risk business models to apply a risk-based approach for simplified due diligence processes.
Zawya
07-07-2025
- Business
- Zawya
MENA bond sales hit record $86.8bln on diversification; HSBC leads the pack
MENA bond issuance totalled $86.8 billion during the first half of 2025, 17% more than the value recorded last year at this time. According to data from LSEG, HSBC Holdings ranked as the top bookrunner in the region, leading 52 issues with proceeds totalling $8.9 billion and capturing a 10% market share. Saudi Arabia was the most active issuer nation during the first half of 2025 accounting for 52% of total bond proceeds, followed by the UAE (25%), and Qatar (8%). While corporates accounted for 55% of the total proceeds raised during the first half of 2025, government and agency issuers contributed 26%. 'There is great diversification in the breadth of issuers, whether sovereigns, corporates, or banks, when it comes to debt issuances, and that's one of the standout stories of H1,' said Khaled Darwish, Head of CEEMEA Debt Capital Markets at HSBC. The range of markets that have been accessed by issuers has also been impressive, Darwish said, citing instances of issuers increasingly going for sukuk and Formosa, active Tier 1 markets, issuers accessing local currency markets in Saudi and the most recent digital bond HSBC has done with FAB and ADX. Besides the sovereigns, notable debt issuers included Saudi Arabia's Ma'aden and the Saudi Real Estate Refinance Company (SRC), both of which launched debut USD sukuk offerings. Saudi Electricity also tapped the market with a dual-tranche sukuk. In the UAE, leading conglomerates such as Mubadala, ADQ, and Masdar were active participants. Additionally, Tier 1 capital issuances saw strong momentum across the region. 'Egypt returned to the debt markets with a bond issuance and Qatar tapped the bond markets in February with a $3 billion bond issuance,' Darwish said. LSEG Investment Banking fees are imputed for all deals without publicly disclosed fee information. 'The Tier 1 market has been very active as well. We have also seen an opportunistic funding approach by regional banks - FAB issued a $600 million sukuk, two successful Formosa visits and the recent digital bond in the first half. ENBD visited the Australian dollar debt market and issued a Formosa bond. ADCB also successfully accessed the Formosa market twice,' he added. Islamic bonds in the region raised $32.2 billion during the first half of 2025, 14% more than last year's total to reach an all-time first-half record. Sukuk account for 37% of total bond proceeds raised in the region, compared to 38% last year at this time. According to LSEG, Standard Chartered, HSBC and EmiratesNBD were the top book builders. Besides a bevy of Saudi sukuk issuances, the UAE's ADNOC made its debut in H1 2025 with a $1.5 billion sukuk. Structured via ADNOC Murban Sukuk Limited, the issuance represented the largest AA-rated corporate sukuk ever issued globally. 'One notable aspect of the sukuk market is that the much-debated regulatory changes, particularly the implementation of AAOIFI Standard 62, did not materialize in H1. The sukuk market remains in a steady state,' Darwish said. HSBC has been ranked as the top DCM bookrunner in both Asia and the MENA region for the first half of the year, five years in a row. Thanks to its legacy European debt market and its new strategic shift towards Asia and the Middle East. The bank has also effectively leveraged its dominance in the Asian market, which has played a key role as MENA issuers are increasingly pivoting toward Asia for debt capital market demand. 'The success of GCC Tier 1 market has been built in part on private market capital from Asia, which is another key focus area for HSBC. Similarly, HSBC's leadership in Asia's major markets aligns well with China's growing interest in participating in the GCC's fixed income markets,' he said. The fixed income market in the region has been evolving continuously. Oil revenues have empowered top GCC nations with unprecedented investment capacity, boosting surpluses, strengthening sovereign wealth funds, and improving credit ratings, including for countries like Oman and Qatar. Undoubtedly, countries such as Saudi Arabia, Egypt, and Turkey will feature among the top three markets for a U.S. fund manager. But it's not just the yield story that investors are after. 'It's important to note that GCC countries have strong credit fundamentals, and this year has demonstrated that despite geopolitical developments, the region offers remarkable resilience,' Darwish said. (Writing by Seban Scaria; editing by Daniel Luiz)
CNA
07-07-2025
- Automotive
- CNA
Nissan Motor eyes $4 billion in bond sales, term sheet shows
SYDNEY :Japan's Nissan Motor is eyeing $4 billion worth of dollar and euro senior unsecured bond issuances, according to term sheet reviewed by Reuters. The car maker is looking at a five-, seven- and 10-year dollar bond deal to raise a minimum of at least $750 million in each tranche. Prospective investors have been told the five-year tranche would have a coupon in the mid-7 per cent area, the seven-year tranche would be in the high 7 per cent area while the longer-dated tranche would be in the low 8 per cent area, the term sheet said. Nissan is also looking at a four and eight-year Euro issuance with a minimum size of 500 million euro ($588.40 million) in each tranche. Pricing guidance has been set at high-5 per cent for the four-year and high-6 per cent for eight-year bond, the term sheet said. Nissan said it also planned a 150 billion yen ($1.04 billion) six-year convertible bond. ($1 = 0.8498 euros) ($1 = 144.7900 yen)
Yahoo
07-07-2025
- Automotive
- Yahoo
Nissan Motor eyes $4 billion in bond sales, term sheet shows
By Scott Murdoch SYDNEY (Reuters) -Japan's Nissan Motor is eyeing $4 billion worth of dollar and euro senior unsecured bond issuances, according to term sheet reviewed by Reuters. The car maker is looking at a five-, seven- and 10-year dollar bond deal to raise a minimum of at least $750 million in each tranche. Prospective investors have been told the five-year tranche would have a coupon in the mid-7% area, the seven-year tranche would be in the high 7% area while the longer-dated tranche would be in the low 8% area, the term sheet said. Nissan is also looking at a four and eight-year Euro issuance with a minimum size of 500 million euro ($588.40 million) in each tranche. Pricing guidance has been set at high-5% for the four-year and high-6% for eight-year bond, the term sheet said. Nissan said it also planned a 150 billion yen ($1.04 billion) six-year convertible bond. ($1 = 0.8498 euros) ($1 = 144.7900 yen) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
