Barclays
-
The US corporate bond market continued at a strong pace this week, ignoring the lure of the beach that sees its European counterparts' new issue flow slow to a standstill in August. More than $22bn of bonds were sold in the first three days of the week and around half of that was raised by United Technologies Corp. -
The UK’s Petrofac has signed $300m of new bank facilities, as the emerging markets focused oil and gas services company looks to cut back on the use of its existing revolving credit facility.
-
Berlin property company ADO Properties had planned to issue its second corporate bond in recent weeks, following a successful investor update. However, a high profile bribery case in Israel has put the deal on hold for now.
-
Barclays and BNP Paribas both waited until August to seal additional tier one trades that investors had been expecting for the best part of 2018, pulling off their deals ahead of what could be a busier and trickier finish to the year.
-
Barclays has hired Dean Galligan from Goldman Sachs as head of cross asset structuring solutions.
-
The need to offer healthy new issue premiums is not holding back additional tier one bond issuers this summer. Barclays reopened the market for the product in dollars on Tuesday, to be quickly followed by BNP Paribas.
-
Mutual Energy, an energy infrastructure company headquartered in Belfast, has sold £200m ($256.98m) of private placement notes in its first private debt outing.
-
Barclays has opened books on a long-awaited additional tier one bond, with four of its outstanding deals set to hit their first call dates in the next year.
-
The International Finance Corp drew one of the highest BondMarker scores of the year so far with its return to five year dollars after two years away. The trade came in a week of few, but very well received, deals, with the European Stability Mechanism scoring its highest average score of 2018 so far.
-
-
Macau gaming leader Sands China made waves in the debt market on Thursday with its mammoth $5.5bn triple-tranche bond debut.
-
India’s Power Finance Corp raised $300m from a 10 year bullet bond on Thursday. While the issuer was able to pull off a tight price for its second issuance in less than a year, many investors were unconvinced about the credit's worth.
