BNP Paribas
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Turkey’s Garanti Bank has increased the amount of dollar commitments in its latest loan refinancing versus the expiring deal, bucking the recent trend or the country’s banks. -
BNP Paribas managed 10.1% increase in profit to €1.8bn for the three months to March despite weaknesses in its investment banking division.
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Kaufman & Broad, the French housing developer, completed its ‘re-IPO’ on Thursday, increasing its freefloat from 9% to 45% in a deal that totalled €257m before the greenshoe.
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Banca Popolare di Vicenza’s board is to meet later this afternoon to consider the results of its €1.5bn IPO, for which the bookbuild closed earlier today (Friday April 29).
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A flotilla of IPOs reached harbour safely this week, through waters calmed by the European Central Bank’s quantitative easing medicine, and whatever other magical ingredient has made financial professionals feel so much better since Easter. But one debutant tripped up and another IPO was pulled.
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Türkiye Vakiflar Bankasi, or VakifBank, this week issued the first publicly syndicated Turkish covered bond, sending a powerful message to other Turkish banks and emerging market issuers that the investor base is wide open and eager for more EM names.
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Bank Gospodarstwa Krajowego (BGK), Poland's state development bank, on Thursday printed a €500m 10 year bond — its debut foray into the international bond markets — with leads building a €800m book for the note.
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Kering, the French luxury goods company, issued a €500m no-grow transaction on Thursday that saw some orders drop out but still came with a negative new issue premium.
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Kuoni, the Swiss travel company, and Novacap, the French pharmaceuticals and chemicals firm, set price talk on their loan packages following bank meetings on Thursday morning.
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Abu Dhabi-owned Mubadala will wrap up its $2bn refinancing by the end of May and has achieved roughly the same margin as the loan it refinances, according to two sources.
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A multi-currency loan for Sino Horizon Holdings has been launched into syndication via one bank. But as the facility size is relatively small, not all lenders will be able to get a piece of the deal.
