Banks
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BPHA, a housing association headquartered in Bedford, is looking to sell US private placements, according to several market sources, as private debt remains readily available for UK HAs. -
Together Money has refinanced its 2021 high yield bond with a new issue, taking advantage of strong conditions and a dearth of sterling supply to take more cash off the table and pay down its revolver too.
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Investors embraced a rare offering of non-preferred senior notes from Bankinter this week, with the Spanish issuer making its debut in the green bond market.
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The idea that companies can raise subordinated debt only through private or club deals was put into deep freeze this week, when ice-cream maker Froneri fully syndicated two second lien tranches as part of its €5.7bn refinancing. Owen Sanderson reports.
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Financial institutions did not take long to return to printing new bond deals at tight spreads this week, as investors quickly got over fears about the impact of the coronavirus epidemic.
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Lloyds Bank and National Australia Bank issued two very well received Sonia linked sterling covered bonds this week, taking advantage of demand spotted in a deal issued by Royal Bank of Canada last week.
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Caisse de Refinancement de l’Habitat (CRH) managed to attract demand of more than €6bn for a two part eight and 15 year transactions issue on Tuesday, while Société Générale subsequently issued a €1bn 10 year green covered bond flat to its curve with demand of €3bn.
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World Bank hit a number of landmarks on size, demand and pricing with its first sterling benchmark of the year. It used a maturity that has become the new sweet spot for SSAs in the currency as issuers seek more attractive funding levels versus euros and dollars.
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Vereker goes to JP Morgan — SG picks new CEEMEA DCM head — Goldman names new cross markets head
