BNP Paribas
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Shire's $18bn loan looks set for a strong subscription in syndication, said bankers this week, and a string of bridge financing deals is raising the market's mood. -
B&B Hotels, France’s third largest budget hotels group, held bank meetings on Tuesday backing its €800m buyout by PAI Partners from the Carlyle Group and Montefiore Investment.
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The European Financial Stability Facility will hit the short and long end of the curve with its second benchmark of the year, a move that is being viewed as an effort to achieve size and duration.
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Heathrow, London’s largest airport, printed its second Swiss franc bond on Monday, surprising bankers away from the deal with its timing.
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LGC, the UK life sciences company being bought by KKR, has tightened price guidance on its €350m euro term loan ‘B’ and accelerated its deadline.
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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.
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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.
