Barclays
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OCI NV, the Amsterdam-listed Egyptian construction, fertilisers and chemicals group, has announced details of its plan to demerge its construction business, in a deal that could help revive Middle Eastern equity capital markets activity, which has been flagging this year since the collapse of the oil price.
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TeliaSonera, the Swedish telecommunications company, has issued a €500m 20 year bond, extending its euro curve by two years. The deal posed a pricing challenge, as Telia's curve is inverted and of patchy liquidity. -
Caisse d'Amortissement de la Dette Sociale (Cades) mandated for a sterling benchmark on Monday, a move that SSA bankers believe other issuers could follow this week.
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Fabianna Del Canto, a managing director on Barclays fixed income syndicate, is to move to New York for the bank.
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French oil company Total SA has mandated banks for a multi-tranche euro hybrid bond deal, after the drop in oil prices last year put the credit ratings of oil companies under pressure.
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Italian electricity company Enel refinanced a €9.4bn credit facility on Thursday and reduced the margin on the loan from 190bp to 80bp over Euribor.
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With up to $50bn of additional tier one deals expected to hit the bond markets this year, bank funding teams are praying that this evolving but crucial asset class can settle down and help them meet their capital needs.
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Wittur, the German lift components producer, has become the latest midmarket leveraged loan borrower to join this year's rush to market with a covenant-lite loan - and like the others, has been forced to widen its pricing.
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Apple may well be the darling of the bond markets but arch rival Microsoft proved that it is still a massive draw when it printed the biggest deal of the year at tighter spreads than its rival.
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Sky Bet, the UK online gambling business, allocated its £340m seven year term loan ‘B’ at around 10am GMT on Monday morning, having further flexed the deal’s terms in favour of investors.
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