BNP Paribas
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The euro high yield bond pipeline brought five deals to the market this week, as secondary yield spreads and payoff expectations tightened, partially reversing recent trends. -
Agile Group Holdings printed a smaller-than-expected $200m bond on Wednesday, struggling to source demand in spite of a generous yield, raising questions about the timing of the transaction.
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A NT$11.7bn ($382m) accelerated bookbuild in shares of Yageo lit up Taiwan’s equity capital market this week. Sole bookrunner BNP Paribas surprised rival bankers by winning the mandate, especially given how rare large and liquid Taiwanese fundraisings have been this year. John Loh reports.
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The European Financial Stability Facility (EFSF) on Tuesday priced a €4bn dual-tranche transaction, tapping into a fairly unusual tenor of 35 years.
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State Bank of India is finally courting investors for its maiden green bond, which has been planned for more than a year.
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Italy’s Atlantia has refinanced an acquisition bridge facility with a €1.75bn five year term loan that was priced well below where the company sold 10 year bonds this time last year.
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An equity and derivatives strategist who left BNP Paribas in April has won a new job at Citi.
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Dutch residential property company Vesteda sold a €500m eight year bond on Tuesday to help refinance its acquisition of a Dutch property portfolio from Dutch financial services company NN Group.
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Belgian postal operator Bpost announced a debut benchmark eight year deal within 48 hours of finishing an investor roadshow and achieved a very high quality order book for an eight year bond.
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Toyota’s Australian finance arm ended a 14 year hiatus from issuing bonds in sterling this week when it sold the first sterling corporate bond of the second half of 2018. The breadth of the sterling investor community was evident in the order book, but the depth was not.
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UK retailer J Sainsbury’s has signed a £3.5bn loan package to back its acquisition of Walmart-owned Asda, with the company raising more debt than the cash component of the deal despite analysts raising concerns about the borrower’s recent debt levels.
