Africa Finance, Turkiye Sinai, BBVA join forward calendar; Shinhan Bank notes firm

By Aleesia Forni

Virginia Beach, April 9 – Nigeria’s Africa Finance Corp., Turkiye Sinai Kalkinma Bankasi AS and BBVA Colombia SA each announced plans to begin roadshows ahead of possible dollar offerings during “another active day in the market,” a London-based trader said.

In the secondary market, bonds from the Middle East were active during the session, while the new issue from South Korea’s Shinhan Bank traded better on the day.

The primary market saw Lagos-based Africa Finance mandate Citigroup Global Markets Inc., MUFG, Standard Bank and Standard Chartered to arrange a series of investor meetings that will begin on April 13.

BBVA Colombia will conduct its roadshow in the United States and the United Kingdom beginning on Friday ahead of a possible dollar-denominated offering of subordinated tier 2 notes (expected: Baa3//BBB), according to an informed source.

BBVA and Morgan Stanley are arranging the series of meetings for the Bogota, Colombia-based bank.

The meetings will be held in Los Angeles on April 10, London on April 13, Boston on April 14 and New York on April 15.

Meanwhile, Turkiye Sinai Kalkinma Bankasi tapped BNP Paribas Securities Corp., Commerzbank, ING and Standard Chartered to arrange a roadshow during the week ahead for a possible Regulation S deal.

The issuer is a subsidiary of Istanbul-based Turkiye Is Bankasi AS (Isbank).

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