BNP Paribas
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Technip, the French oilfield engineering company, raised €375m on Wednesday with a daring equity-neutral convertible bond — the first such deal since Total’s transaction in November. -
Sovereign, supranational and agency borrowers in the eurozone could receive an injection of monetary stimulus from the European Central Bank in March — boding well for a series of issuers lining up deals in euros.
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The global sell-off in commodities and stocks has brought the US corporate bond market to a standstill, leaving corporate issuers unsure about when they can tap the market after the only trade of the week stumbled and AB InBev’s $46bn blockbuster continued to underperform.
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The World Bank and Cades were both able to bring large deals at the short end of the dollar curve on Thursday, despite a difficult market backdrop for issuers.
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Armacell, the German foam insulation manufacturer, has launched a€660m debt acquisition package to back its buyout by Blackstone and Kirkbi from Charterhouse Capital Partners.
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Tata Steel's $1.5bn refinancing has been launched into general syndication after a senior phase that began in early December.
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The European Investment Bank and the Federal State of Berlin announced on Monday their intention to print in euros in a week in which the European Central Bank is expected to make a decision regarding interest rates.
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Emerging markets bankers were treated to a new name on Monday as Banque Ouest Africaine de Développement (BOAD) announced a roadshow for its debut bond.
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South Korea’s Kookmin Bank has selected four banks to run a potential return to the covered bond market, but a source at the issuer said that due to unfavourable market conditions, there’s a possibility that the deal will not materialise.
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A strong start to public sector dollar issuance in 2016 fell away this week, as volatile swap spreads returned and worries over the health of the Chinese economy made printing further along the curve difficult.
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La Financière Atalian on Tuesday sold the first European high yield issue of the year, but the market has yet to display a convincing pipeline, in the eyes of bankers and investors.
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Compagnie Générale de Géophysique, the French geological surveying company, has launched a three-for-one rights issue to raise €350m, as it struggles with its debt burden and oil companies cutting back on exploration.
