Barclays
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BASF SE was on Wednesday set to become the first sterling issuer into the primary market with an outstanding bond that is already eligible for purchase under the Bank of England’s Corporate Bond Purchase Scheme, which kicked off on Tuesday.
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German chemicals supplier Lanxess picked two banks to supply its €2bn bridge facility for the acquisition of Chemtura. More banks are set to join in syndication, according to a banker close to the deal. -
Stadshypotek attracted a robust following for its first covered bond backed by Finnish assets, and even though the final spread was much tighter than leads initially indicated, few investors fell out.
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Spanish natural gas utility Enagás is in talks with its relationship banks to refinance a €1.5bn revolving credit facility.
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After a two year absence from the capital markets, two Nigerian corporate issuers are lining up to test investor demand for sub-Saharan Africa high yield credit.
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Deutsche Lufthansa pulled a planned €500m seven year trade on Monday, not the first time the issuer has pulled a deal from the corporate bond market.
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Capital & Counties Properties has joined a run of UK real estate borrowers in the US private placement market with its latest £175m deal. Activity from UK property firms has been a major driver for cross-border US PP issuance this year.
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Azure Power Global, the holding company of Azure Power India, opened books on Thursday for a listing on the New York Stock Exchange, and is targeting as much as $180.3m.
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Banks are poised to seize this year’s best window for new regulatory capital issues after the Federal Reserve decided against lifting interest rates this week. With primary activity down $15bn on 2015 in Europe and secondary markets reacting positively to the Fed, investors are expecting supply across all asset classes.
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The obvious loser of the European Central Bank's corporate sector purchase programme might have been the US private placement market, which beforehand offered some price advantage for large cap issuers.
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