Bank of America
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Delphi Corp, the car parts manufacturer spun out of General Motors in 1999, issued its first euro bond on Monday, a €500m 10 year. -
Ineos, the chemicals company now registered in Switzerland, has hired five banks to arrange its €750m refinancing project to replace bonds with term loans.
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The wave of US companies issuing bonds showed no signs of breaking this week, as Michigan-based breakfast cereal and snack maker Kellogg led the charge on Monday.
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Mitsubishi UFJ Lease & Finance Company has opened books to its first international bond of 2015, having taken comfort in the fact that fixed income investors in five Asian cities view the Japanese credit with a safe haven status.
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Abengoa, the Spanish construction and concessions company, has made a further step to capital markets rehabilitation, by issuing a $279m exchangeable bond, into shares of its affiliate Abengoa Yield.
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Moody’s issued a €500m 12 year bond on Friday, its first in euros, crowning a week in which US issuers dominated the European bond market.
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Infineon, the German semiconductor manufacturer, has issued a €300m 3.5 year and €500m seven year bond to refinance a loan it obtained last year to fund its acquisition of International Rectifier.
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A new issue premium of around 20bp looked hefty for investment grade sovereign borrower Uruguay this week.
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The Coca-Cola Company priced its biggest ever bond on Thursday, all in euros. It was the second biggest European corporate bond ever, and extended the issuer’s euro curve by 8.5 years.
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The Coca-Cola Company priced its biggest ever bond on Thursday, all in euros. It was the second biggest European corporate bond ever, and extended the issuer’s euro curve by 8.5 years.
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The Italian state sold a 5.74% stake in power company Enel through a €2.2bn block trade over Wednesday night. It was very punchily underwritten and the leads were left long - but said they were happy.
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Equity block trade bankers’ hearts may have leapt on reading Wednesday’s headline that AP Møller-Mærsk was planning to sell its 20.05% stake in Danske Bank, worth about €4.8bn at today’s share price.
