Banks
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A brace of sukuk trades from the Gulf this week racked up enormous order books, demonstrating the voracious demand for Sharia-compliant paper. With a hungry investor base, sukuk issuance is expected to grow, despite some "teething problems". -
Having visited the euro market last week, Nestlé has bounced quickly into sterling, finding solid demand for a £1bn dual tranche trade on Wednesday.
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Ascendas Reit, Singapore’s largest listed business space and industrial real estate investment trust, mandated banks for a debut Eurobond on Thursday, with some analysts saying that the debt markets are underpricing risk for office operators.
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Georgian Railway steamed into the green bond market on Thursday, raising a benchmark dollar bond.
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Latin American supranational Corporación Andina de Fomento (CAF) has become the first borrower from the region to sell paper linked to Sofr.
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ANZ dropped into the sterling market this week in search of tier two paper, which will help it meet its total loss-absorbing capacity (TLAC) requirements. With the TLAC deadline fast approaching, Australian firms are expected to make use of the attractive funding conditions to ramp up their subordinated issuance.
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Basic Fit, the Dutch operator of low-cost gyms, has issued a €303.7m convertible bond as it prepares for growth opportunities following the reopening of all of its fitness centres this week following more than a year of lockdowns caused by the pandemic.
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The German state of Hesse was marketing its new green bond framework this week ahead a of a debut deal in the format.
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Agricultural Bank of China sold a multi-currency deal through its Hong Kong branch this week, raising $1.322bn.
