BNP Paribas
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Renaissance Capital, an emerging and frontier markets investment bank, has hired Jon Oosthuyse on to its Johannesburg trading desk as a director and senior sales trader. -
BNP Paribas has tapped the Australian dollar market with a 10 year note on Wednesday, drawing demand from Asian investors.
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Anheuser-Busch InBev has secured a $75bn syndicated loan, which has been described as “the world’s largest ever loan”, for its £71bn recommended acquisition of SABMiller.
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Amadeus, the Spanish company that provides IT systems to the air travel industry, reaped the rewards of patience on Tuesday after sitting in the pipeline for five weeks as its €500m six year no-grow bond brought in an order book of over€4.75bn.
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BMW returned to the bond market on Tuesday with a €1.25bn deal, its first issue since the Volkswagen emissions scandal made investors reassess their attitude to the car industry.
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FIG bankers are expecting some issuers to bring forward plans to print tier two early next year as investors show they are ready to take on higher beta paper.
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Simon Property Group, the US property company that is the world’s largest real estate investment trust, launched a benchmark seven year euro bond this morning, its first issue in the currency for over two years.
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Bahrain has picked banks for investor meetings ahead of a dollar bond deal and starts investor meetings this week.
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India’s Jindal Steel & Power is understood to have asked banks to relax a covenant on a $400m borrowing sealed in April 2013.
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French motorway operator Sanef issued a €600m 10 year bond on Friday, in the style of this week in the European corporate bond market: with a massive order book and single digit new issue premium.
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Industrial and Commercial Bank of China New York has wrapped up its second offshore bond, sealing $1bn on November 5. But while Asian interest was strong, the issuer’s aggressive pricing tactic meant demand from US investors was lacklustre.
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Snam, the Italian natural gas transmission company, priced a €750m eight year bond on Tuesday, its first issue since it was added to the list of bonds that the European Central Bank will buy as part of its public sector bond purchase programme, or quantitative easing.
