Barclays
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The Coca-Cola Company priced its biggest ever bond on Thursday, all in euros. It was the second biggest European corporate bond ever, and extended the issuer’s euro curve by 8.5 years. -
The Coca-Cola Company priced its biggest ever bond on Thursday, all in euros. It was the second biggest European corporate bond ever, and extended the issuer’s euro curve by 8.5 years.
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Six European covered bond borrowers launched deals worth a total €5bn this week and, despite setting new spread records, all were easily digested and performed well.
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A £340m seven year term loan ‘B’ for Sky Bet is trading up in the secondary market, despite investor pushback during its syndication.
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Borrowers partied in dollars this week as a lack of supply and an attractive euro/dollar basis swap combined to allow them to print at attractive levels at the short end.
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Spain brought a record breaking 15 year benchmark this week that may have helped drive other eurozone sovereign yields to all-time lows.
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LBBW and Westpac issued covered bonds in dollars this week, gaining superior funding to what could have been achieved in euros.
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Croatia has picked four banks to arrange a euro-denominated bond. The roadshow for the deal starts on Monday.
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AT&T, the US mobile phone service provider, returned to the euro bond market on Monday, issuing €2.5bn in 8.5 and 20 year tranches.
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CRH is holding a bank meeting on Thursday with its close relationship banks to syndicate a €2.9bn loan for its acquisition of assets from Holcim and Lafarge.
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Mexico has released price guidance for a €2bn dual tranche note with the deal over two and a half times subscribed.
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The $445m fundraising for a resort project by Sri Lankan conglomerate John Keells has been delayed due to new rules following a change in the country’s ruling party.
