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Cosan roadshowing dollar bond – Sovcomflot launched a US$750mn 7-year bond - Boyner Perakende secured a US$90mn 5-year syndicated loan

Jun 10, 2016 // 5:27PM

Cosan is roadshowing this week ahead of a potential dollar bond. Bank of America Merrill Lynch, Bradesco, Citigroup, HSBC, Itau and Santander are coordinating the sale.

Province of Buenos Aires issued US$1bn in new bonds: US$500mn in 3-year notes yielding 5.75% and US$500mn in 10-year notes yielding 7.87%. The province claims it is the lowest rate it has achieved on comparable notes yet.

Sovcomflot launched a US$750mn 7-year bond yielding 5.375%. IPTs were in the 5.75% area. The lead managers were Citigroup, ING, JP Morgan, Sberbank and VTB Capital.

Boyner Perakende secured a US$90mn 5-year syndicated loan which carries a 2-year grace period. Proceeds are to pay short term debts. The deal was secured with Turkish and Qatari banks.

Petroleum Development Oman (PDO)'s US$3.4bn 5-year loan will be priced at 160bp over LIBOR to pay 190bp over LIBOR according to Reuters. Lead arrangers are Banca IMI, Bank of China, HSBC, ING, JP Morgan, Natixis, NBAD, Societe Generale, Standard Chartered, SMBC. HSBC is the sole international financial advisor. The deal is expected to close by the end of June.

Qatar telco Ooredoo plans to issue new bonds as part of its US$5bn MTN programme this month. Lead arrangers are ANZ, Citigroup, DBS Bank, HSBC, Merrill Lynch International, MUFJ, Mizuho and QNB Capital.

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