Barclays
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Coca-Cola, the US beverage company, kicked the issuance week off in the European corporate market, with the borrower landing flat to fair value on two out of three tranches. -
Four public sector borrowers announced new deals in the primary market on Monday ahead of the European Union’s much anticipated second transaction from its Support to mitigate Unemployment Risks in an Emergency programme this year, which is expected to arrive later in the week.
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Barclays is to face a second shareholder resolution on its response to climate change at its annual general meeting in May, urging it to set more ambitious targets to phase out financing of fossil fuels.
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Mining giant Vedanta Resources was back in the debt market on Thursday with a $1.2bn trade, giving further comfort to investors that it has not abandoned its plans to clean up its corporate structure.
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Two Chinese property companies seized the market window on Thursday to raise a combined $802m from the bond market.
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Non-European names hit the euro market this week with a trio of US companies and Japan’s Nippon Telegraph & Telephone Corp (NTT) raising debt. But syndicate bankers say rising US rates are still way off the sweet spot that would make the euro market irresistible for all Reverse Yankee issuers.
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Bureau Veritas, the French laboratory testing company, has amended its €600m bank line to include ESG elements, as the company is on course to breeze through its relaxed covenant restrictions at the next evaluation.
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Indian telecommunication company Bharti Airtel found strong support from global investors for its bond this week, allowing it to raise more money than expected and price the $1.25bn deal at a tight level.
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Private equity firm Blackstone has launched into syndication a $360m loan that will support its leveraged buyout of India’s Piramal Glass.
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Equinix, the US data centre real estate investment trust, got a slightly larger size than expected for its dual tranche euro green bond on Wednesday, but its curve steepened.
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Vantage Towers, the telecoms towers unit of Vodafone, has launched its long-awaited flotation on the Frankfurt Stock Exchange, having announced its intention to float on Wednesday.
