BBVA
-
French toll road operator Holding d'Infrastructures de Transport paid a hefty premium on Friday as it sold a dual tranche bond to help refinance its March 2018 note. -
Two companies made their investment grade bow on Thursday as an improvement in sentiment encouraged borrowers to capitalise on decent conditions and wrap up funding in the final weeks of the year.
-
The supply of hybrid bonds continued this week, with an additional feature — both hybrids sold this week were certified as green bonds.
-
Cores, Spain’s strategic oil reserves manager, has returned to capital markets for the first time in two years, defying Spain's political turmoil to raise €400m while slashing 7bp from its initial spread.
-
Investors in green corporate bonds had two very different deals offered to them on Tuesday. Spanish utility Iberdrola sold a green hybrid bond, while Toyota Motor Credit Corp, Toyota’s auto finance subsidiary, offered a long 3.5 year green tranche alongside a seven year non-green tranche.
-
Chinese telecom firm Huawei Technologies has launched a $1.2bn five year loan into general syndication.
-
-
BBVA issued $1bn of perpetual non-call 10 additional tier one (AT1) notes on Wednesday, in a deal paving the way for it to redeem a bond next year that will be the first European AT1 issued in a core currency to reach its call date.
-
The public sector market for euro paper is providing superb execution for those borrowers that still have needs in the currency — but those are few and far between.
-
Leveraged loan issuance is set to outpace sales of new high yield bonds with a surge this year, pushed by a varied array of borrowers seeking not just tighter margins on old debt, such as US chemical group Angus this week, but also funding for acquisitions, as with Nordic travel operator Etraveli.
-
Italian corporate issuers have dominated bond issuance in recent weeks but Wednesday brought a pair from Iberia, as two energy suppliers took advantage of the market's hot conditions.
-
BBVA opened books on a new additional tier one (AT1) on Wednesday, in a sign that the market was already entering its first phase of refinancing.
