Bank of America
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Turkey’s Yapi Kredi Bank has named the 38 lenders in its latest $1.2bn-equivalent one year loan. -
The higher level of new issue premium SSAs have to pay in dollars is set to be showcased this week, after a pair of European borrowers hit screens on Monday with benchmarks in the currency.
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The Export-Import Bank of Korea (Kexim) has mandated four banks to arrange a non-deal roadshow that is set to begin on October 6.
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A conveyor belt of dollar benchmarks from SSAs passed quality control this week despite tough background conditions. But there are signs issuers are following those in euros by boosting concessions.
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Altice, the fast-growing French cable telecoms investment group, raised €1.61bn of new capital today (Thursday October 1) with an intraday accelerated bookbuild, to finance its acquisition of Cablevision, the US cable company.
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The euro market’s strength over dollars is impelling public sector borrowers to line up the currency for rare or even debut visits — and there are strong signs this opportunity could last longer than earlier windows.
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Kommuninvest and KfW found good demand for short dated dollar benchmarks on Thursday despite difficult market conditions.
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The Province of British Columbia brought an inaugural euro benchmark on Thursday, as a supranational issuer reopened a green bond in the currency.
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Turkey’s Yapı Kredi Bank has signed a $1.2bn-equivalent one year loan, leaving only Garanti left to come in the refinancing cycle for large Turkish banks.
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World Bank on Wednesday sold the largest dollar benchmark from an SSA since July, as other issuers lined up deals in the currency.
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The euro benchmark market is set to welcome a debut issuer this week, while a rare borrower in the currency was able to increase a syndication from its initial €500m target.
