BNP Paribas
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Italian electricity network operator Terna sold its first green bond on Monday and was rewarded with an order book that was more than 5.5 times oversubscribed.
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Korea East-West Power Co (EWP) raised $500m from a sustainability bond on Thursday that proved popular both in the primary and secondary markets, reflecting investors’ eagerness for defensive names.
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Investor appetite remains strong for longer dated euro SSA bonds, encouraging the likes of EFSF and KfW to tap the long-end of the curve this week. But the question is: will the demand last, and for how long?
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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.
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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.