科威特Equate發(fā)行首批海灣美元債券

據(jù)油氣新聞網(wǎng)站3月24日消息 路透社的一篇報(bào)道稱，根據(jù)路透社看到的一份投資者說明，科威特Equate石化公司計(jì)劃發(fā)行10年期和30年期美元計(jì)價(jià)債券和5年期伊斯蘭債券，這將是一個(gè)多月來首次從海灣地區(qū)發(fā)行國際債券。

這筆交易的規(guī)模將達(dá)到基準(zhǔn)，一般來說，每筆交易至少需要5億美元。

由于疫情流行和油價(jià)的大幅下跌，海灣地區(qū)的債券銷售出現(xiàn)疲軟態(tài)勢。

一些債券發(fā)行被擱置，包括迪拜伊斯蘭銀行計(jì)劃發(fā)行的伊斯蘭債券。

Equate邀請花旗、摩根大通、KFH資本、三菱金融集團(tuán)和NBK資本來執(zhí)行這筆交易。阿布扎比第一銀行、匯豐銀行、瑞穗銀行和中小型銀行日興銀行也參與了交易。

這些銀行正在安排一系列與全球投資者的通話，這些通話從周一開始，隨后將根據(jù)市場情況進(jìn)行三筆交易。

疫情也使債券行業(yè)變得復(fù)雜。

2026年到期的等同石化10年期美元債券收益率周二從3月6日的2.8%攀升至4.6%，當(dāng)時(shí)石油戰(zhàn)正在開啟。

Refinitiv數(shù)據(jù)顯示，其2022年到期的5年期美元債券收益率從同期的2.4%躍升至4.6%。

Equate石化85%的股份由陶氏化學(xué)公司和科威特國有石油公司下屬的石化工業(yè)公司所持有。

王磊 摘譯自 油氣新聞

原文如下：

Equate to issue first Gulf dollar bonds

Kuwait's Equate Petrochemical Co plans to issue 10- and 30-year US dollar-denominated bonds and five-year sukuk, according to an investors' note seen by Reuters, in what would be the first international debt issuance from the Gulf in more than a month, says a Reuters report.

The deal will be of benchmark size, which generally means at least $500 million per tranche.

Bond sales from the Gulf have faltered due to the coronavirus pandemic and a sharp fall in oil prices.

Some have been shelved, including sukuk, or Islamic bonds, planned by Dubai Islamic Bank

Equate hired Citi, JPMorgan, KFH Capital, MUFG and NBK Capital to lead the deal. First Abu Dhabi Bank, HSBC, Mizuho and SMBC Nikko are also on the deal.

The banks are arranging a series of calls with global investors that began on Monday, to be followed by the three-tranche transaction, subject to market conditions.

The pandemic is also complicating bond roadshows.

The yield on Equate Petrochemical 10-year dollar bonds due in 2026 had climbed to 4.6 per cent on Tuesday from 2.8 per cent on March 6, when talks between Opec and other oil producers over coordinated output cuts aimed at supporting crude prices collapsed.

The yield on its five-year dollar bonds due in 2022 jumped to 4.6 per cent from 2.4 per cent in the same period, Refinitiv data showed.

Equate Petrochemical is 85 per cent owned by the Dow Chemical Company and Petrochemical Industries Company, a subsidiary of government-owned Kuwait Petroleum Corporation.