Barclays
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German plastic film maker Kloeckner Pentaplast has launched an €831m-equivalent loan in dollars and euros to refinance debt and pay a dividend.
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If one was thinking of a similar pair of European corporate bond issuers, Unibail-Rodamco and Klépierre, the French property companies, might come high on the list. On Wednesday they both issued bonds — but the coincidence appeared to do neither issuer any harm.
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Moroccan phosphate group OCP has mandated banks for a series of investor meetings for a 144A Reg S dollar bond. -
Kosmos Energy found decent demand for a tap of its debut bond deal this week, despite being an EM flavoured oil credit.
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The primary market in covered bonds was active this week, but not in its staple euro market. Canadian issuers came to the fore, supplying benchmark deals in sterling and dollars.
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BMW dominated corporate bond issuance in Europe on Thursday, with an unusually large €2.5bn transaction.
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The block trade business has been hugely important to equity capital markets businesses so far in 2015, and at this stage UBS and Goldman Sachs are leading the race. But Bank of America Merrill Lynch has made a hefty effort to catch up.
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The spark of life was seen in the senior unsecured market on Wednesday, with Credit Suisse’s senior unsecured bond, issued from its holding company, quickly achieving blowout status during the bookbuilding process.
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Moroccan phosphate group OCP has mandated banks for a series of investor meetings for a 144A Reg S dollar bond.
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Rolls-Royce, the UK aero-engine maker, has refinanced a £1.5bn credit facility for the budget price of 21.25bp over Libor, according to Dealogic.
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LondonMetric, a UK real estate investment trust, has signed a £400m credit facility with five banks, refinancing five facilities.
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With the European Central Bank bond buying programme creating the perfect market for locking in long dated funds at record low yields, the Republic of Poland this week made the most of sublime conditions to print a 12 year with a coupon of 0.875%. Virginia Furness reports.
