Barclays
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Banco BPM was unable to tighten through initial price thoughts for a new additional tier one on Tuesday, as it looked to maximise its regulatory allowance for the asset class. -
Zurich Insurance Company attracted plenty of demand in dollars on Tuesday, as it sold first subordinated dollar trade in over two years — a deal that could fund its acquisition of Metropolitan Life’s US property and casual business.
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Apollo Global Management has continued to selldown its stake in Watches of Switzerland, the UK luxury watch retailer, following a strong rally in the stock since its IPO on the London Stock Exchange in May 2019.
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Beijing Capital Group Co, which marketed a two-tranche deal on Monday, decided to ditch the planned perpetual note and instead price a larger senior tranche for cost reasons.
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The first public deals of the year in the long end of the euro curve from the supranational and agency sector arrived on Monday, with the trades receiving huge demand and pricing exceptionally tight to secondary levels.
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A burst of mandates on Monday confirmed what many market participants had expected: a rise in emerging market corporate bond supply.
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Shareholders in HSBC have filed a motion calling on it to live up to its reputation for sustainable finance by setting targets to reduce fossil fuel financing — an area where investors argue HSBC lags behind some of its rivals.
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CPPIB Capital mandated the banks to lead its first ever 20 year euro benchmark on Friday, in what is also the first mandate announcement for a benchmark transaction by a non-sovereign/sub-sovereign public sector borrower in the long end of the euro curve in 2021.
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The dollar bond market made a fast start to the year this week, as investors showered Broadcom, the semiconductor maker, with $28bn of orders, enabling it to raise $10bn.
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Wessex Water, the UK utility, and National Grid this week proved that there is still demand for sterling corporate paper in a post-Brexit world, with both issuers seeing chunky oversubscriptions for their trades.
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State of North Rhine-Westphalia’s third and biggest century bond built an impressive order book in terms of size and number of accounts from a diverse range of investors this week, proving this niche part of the curve is increasingly popular with buyers.
