Bank of America

Schaeffler Holdings has launched tonight the sale of the family holding company’s last non-voting shares in Schaeffler, the German bearings maker which floated in October. It is likely to be the only block trade in the stock for the foreseeable future.

The remarkable conditions in Europe’s corporate bond market since the European Central Bank trained its quantitative easing firehose on the market were clear again today when Federal Express, the US deliveries group, raised €3bn to finance its purchase of Dutch peer TNT Express.

The Inter-American Development Bank made an early claim on Monday for a spot in this week’s dollar issuance, in what its leads said was a move to ensure it did not add its name to a growing trend for SSA deal clashes.

European Investment Bank is expected to comfortably print a 10 year Earn on Tuesday, but bankers have expressed concern for the prospects of other issuers looking to sell deals in the currency as yields fall to near record lows.

Car parts distributor LKQ is set to become the first US company this year to issue a high yield bond in euros — and more US names may be on their way, bankers say.

SBAB Bank printed its first euro fixed rate senior bond since 2013 on Monday, raising €500m of May 2021 notes at the start of what market participants believe could be a busy week for FIG supply.

KfW tapped a April 2020 Kangaroo bond on Friday, with demand strongly driven by the Australian investor base.

With spring finally arriving in London, public sector bankers were warming up for an expected burst of dollar issuance as the second quarter kicks in next week — with a full rainbow of maturities available for the first time since the summer, writes Craig McGlashan.

A slew of unusual CEEMEA issuers this week announced plans to meet with investors: Global Ports Investments, Kenya, Ahli Bank Qatar and Alternatifbank. Some are specified as non-deal meetings while others are focussed on specific deals.

China Logistics Property Holdings Co, which filed for a Hong Kong listing on Thursday, has tapped Credit Suisse and Deutsche Bank as joint sponsors for the transaction.

The International Finance Corporation proved that there is demand for the tightest of issuers at the 10 year part of the dollar curve, after it printed a $700m April 2026 global green bond on Wednesday.

Western Digital, the US maker of computer hard drives, has widened pricing on its $9.5bn loan package to entice reluctant lenders. The loan will back Western Digital’s $17bn acquisition of SanDisk.