Barclays
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Over €30bn of covered bond supply is expected from borrowers in Spain and Italy next year but with nearly €40bn of Cédulas redeeming, the technical backdrop is most constructive in Spain.
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The covered bond market is likely to see more supply in 2016 than it did in 2015 even as the European Central Bank reduces covered bond purchases in favour of other asset classes, said analysts this week.
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India's Azure Power Global is seeking approval to float on the New York Stock Exchange, having a filed a preliminary prospectus with the Securities and Exchange Commission on Wednesday. -
Amid the boardroom turmoil, strategic rethinks and headline grabbing megadeals, Europe’s most senior corporate financiers tell GlobalCapital’s David Rothnie why 2015 was a letdown and why 2016 will be better.
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Wind turbine company Nordex signed €1.4bn in loans on Tuesday. The five bookrunners flexed to accommodate a planned acquisition, in what was intended to be a plain refinancing.
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With plenty of cash to deploy following a large number of redemptions, sterling investors piled into what looks likely to be KfW’s last sterling offering of the year on Tuesday.
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Syndication for a $145m loan backing the Blackstone Group’s acquisition of business process outsourcing assets in India is close to winding up.
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Russian steel company Evraz raised $750m from a bond that was printed tight to secondary levels on Thursday as it benefited from huge pent up demand for Russian corporate paper, even in a volatile market for metals and mining firms.
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German agency KfW will take the sustainability criteria of banks into account when they pitch for its green bond business — a move that could ensure the growing SRI market keeps true to its founding principles. But as Craig McGlashan reports, the decision could also slash the number of banks involved in the sector, which has been one of the few bright spots in the public sector bond markets this year.
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The crunch is coming. The Middle East loan market has long offered low margins and lashings of liquidity but pricing is widening, just as issuers flock to the market in droves, writes Elly Whittaker.
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American Honda Finance visited the sterling bond market for a £250m seven year deal on Monday, in the same week that Total and Daimler also raised short dated sterling bonds.
