Investors hot on hybrids again, auguring more supply

Graham Bippart,

Ross Lancaster

September 29, 2016 07:45 pm

Total 230x150 — An employee of the 'Total' oil refinery stands in front of a large tank with the company's logo in Leuna, Germany, 12 March 2014. A general inspection under the project title 'Matrix' is being conducted as part of the regular six week inspection cycle, during which the facilities will be inspected and, if necessary, repaired or complemented. The most modern oil refinery in Europe belongs to French oil and gas company Total and processes about 30,000 tons of crude oil daily, which hails mainly from Russia. Photo: Waltraud Grubitzsch/ZB | Waltraud Grubitzsch/DPA Germany

After German utility company ENBW struggled to offload a $300m hybrid in a choppy market on Monday, the issuer returned with a bang in euros on Wednesday, and was quickly followed by a dual trancher from French energy provider Total on Thursday.

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Topics

Hybrid JP Morgan Morgan Stanley BNP Paribas Europe EMEA HSBC Corporate Bonds

GB

Graham Bippart

RL

Ross Lancaster