BNP Paribas
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Goldman Sachs set the lowest coupon of 2019 on a new preferred deal in the institutional bond market this week, while BNP Paribas buried the memory of its troubled dollar trade in January with a storming come-back. -
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Bank Nederlandse Gemeenten and Kommuninvest followed in the footsteps of KfW as they included their environmental, social and governance (ESG) ratings in the terms sheets for socially responsible bonds this week, with the latter selling the largest single-issue green bond from a Nordic public sector borrower.
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Student Hotel finds bed for sustainable loan — Italo mainlines green loans — Green bond stalwart Tennet signs — Scottish Mortgage returns to US PP — CVC-owned April preps rapid refi
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A trio of triple-B rated companies brought bond sales totalling €2.75bn on Thursday, as a primary market abuzz with official stimulus roared towards the year's close.
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The Arab Republic of Egypt pulled in $14.5bn of demand for its $2bn triple tranche bond deal on Wednesday, in a trade that was priced well inside the sovereign's curve.
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Generic pharmaceuticals firm Teva has released price thoughts for a $1.5bn bond refinancing, which will term out its maturities. But the levels on offer show potential opioid litigation is still weighing on the firm’s capital structure. The Israeli company settled with a group of US states at the end of October, sending its shares and bonds surging, but the firm faces a trial in New York next March.
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Investors looked beyond Nanyang Commercial Bank's Hong Kong home to its Chinese parent this week, allowing the borrower to close a $700m Basel III-compliant tier two subordinated deal, despite the protests happening in the city.
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French car parts maker Faurecia has gone against the headwinds buffeting the industry, cutting financing costs with its latest refinancing round. A number of other well known high yield borrowers are also rushing into the market before Christmas to switch their higher coupon paper into cheaper alternatives.
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National Express printed a £250m nine year bond at what looked like a zero concession to its curve on Wednesday, overcoming some sharp moves in the Gilt market.
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Temasek, the Singapore government investment arm, launched 12 and 30 year euro bonds on Wednesday, a day after announcing its mandate.
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The Arab Republic of Egypt had clocked up more than $9bn of demand for its triple tranche bond trade by lunch time on Wednesday.
