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China Development, Controladora Mabe, Turkcell plan deals; ICBC trades better in secondary
By Aleesia Forni
Virginia Beach, Sept. 18 – China Development Bank, Turkcell Iletisim Hizmetleri AS and Controladora Mabe, SA de CV announced new deal plans on Friday, while the recent offering from Industrial and Commercial Bank of China Ltd. traded tighter in the secondary market late during the session.
Beijing’s China Development said it mandated Barclays, BNP Paribas, Bank of China, Deutsche Bank, HSBC, JPMorgan, Societe Generale and Standard Chartered to arrange a roadshow ahead of a possible Regulation S dollar bond.
Controladora Mabe will begin its meetings in London on Monday ahead of a possible dollar deal.
The Mexico City-based appliance manufacturer’s roadshow will also make stops in Boston, New York and Los Angeles.
Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are arranging the meetings.
And Turkcell mandated BNP Paribas Securities Corp., Citigroup Global Markets Inc. and HSBC Securities to arrange a roadshow in Europe and the United States between Sept. 21 and Sept. 23, according to a market source.
The company (Baa3/BBB-) is planning a Rule 144A and Regulation S bond offering to qualified investors in the European Union and qualified institutional buyers in the United States following the roadshow.
The mobile phone company is based in Istanbul.
Meanwhile, ICBC’s new $2 billion 4 7/8% 10-year tier 2 notes was around 1 basis point tighter in the secondary market, according to a market source.
The notes were quoted at 274 bps bid, 272 bps offered after pricing at Treasuries plus 275 bps on Tuesday.
Bookrunners for the Beijing-base bank’s deal were BofA Merrill Lynch, ICBC, Goldman Sachs & Co., HSBC Securities and UBS Securities LLC.
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