Banks
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Fidelity National Information Services, the US financial software company, returned to the euro and sterling bond markets with a second multi-tranche deal in six months to raise €2.6bn-equivalent of debt on Thursday, though it printed fewer tranches than the market was expecting.
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LEG Immobilien, a German property company, brought the latest in a string of multi-tranche bonds to the European bond market this week, brushing off worries that the busy market was showing signs of fatigue. -
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Perhaps the last two public sector bond benchmark issues of the year hit screens in euros this week and, judging by their reception, the market is closing right on time.
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Bart Schmeetz is to become ING’s global head of financial markets, replacing Percy Rueber, who is leading efforts to build a trading platform at the Dutch bank.
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Switzerland’s Mercuria has signed a $1.9bn revolving credit facility through its US arm, with the commodity trading company scaling back lender commitments.
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The Kingdom of Morocco moved from roadshow to deal execution on Thursday with a 12 year bond that looked set for tight pricing.
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The Province of Ontario is keeping a close eye on foreign markets as it considers whether to follow Wednesday’s Canadian dollar green bond with a foreign currency issue.
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Veteran Citi banker Pramit Jhaveri is retiring, bringing the curtain down on a 32-year career at the US firm.
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Financial institutions bond bankers expect that new deal flow will come to a standstill in the primary market at the end of next week, as investors close the lid on an agreeable year for returns.
