Banks
-
Philippine brandy making company Emperador has closed a €405m borrowing with 13 lenders in the syndicate. -
-
Crédit Agricole CIB has issued the first transition bond to be structured according to Axa Investment Management’s guidelines for this embryonic product, published in June. The €100m private placement, bought by Axa Group, was designed to demonstrate how the market could work.
-
Intesa Sanpaolo has become the first bank to use the proceeds of a green bond specifically to promote the development of a more circular economy — an issue that has been gaining increased attention from EU policymakers recently.
-
Amid signs of progress, BNP Paribas faces challenges to deliver on its radical transformation plan, writes David Rothnie.
-
Italy printed an €800m 20 year inflation linked private placement on Thursday, satisfying demand from a single investor.
-
Groupe BPCE and BNP Paribas issued green bonds this week, attracting strong levels of demand for such a late stage in the year.
-
A number of untested European companies have made their entrance to the international high yield bond market in the past two weeks as central banks fuel conditions that pamper repeat and new issuers alike, while driving investors into ever riskier assets in a hunt for yield. Karoliina Liimatainen reports.
-
Dim sum MTN issuance from SSAs reached a record high in 2019, and the growth is set to continue next year. The renminbi’s inclusion in the IMF’s special drawing rights (SDR) basket and global bond indices will ensure growing appetite for the instrument, according to one MTN desk head.
-
Investors have had to wait 22 years for the World Bank to issue in Danish kroner, but the supranational returned at the end of last week with a long-dated green bond.
-
Moody’s has warned France’s LVMH that its $16.2bn debt-fuelled acquisition of Tiffany & Co will put its debt metrics near capacity for its A1 rating, as the acquisitive firm lines up $17bn of financing to buy the US jeweller.
-
Moody’s has warned France’s LVMH that its $16.2bn debt fuelled acquisition of Tiffany & Co. will put its debt metrics near capacity for its A1 rating, as the acquisitive firm lines up $17bn of financing to buy the US jeweller.
