BNP Paribas
-
Lithuania has loosed 10 and 20 year euro tranches on the market, demonstrating confidence in duration as the prospects of an imminent US rate hike fade away yet again. -
South Korea’s first covered bond under its new rules finally came to fruition with Kookmin Bank selling a long awaited offering that had been in the works since June. But the delay proved worthwhile as the sovereign rating upgrade in September allowed the borrower to win over investors.
-
South Korea is set to see a long awaited covered bond this week, with Kookmin Bank finally starting to take orders for what will be the first such issuance since the government enacted new laws last year.
-
BNP Paribas has hired a senior member of staff for its emerging markets business.
-
China Construction Bank sealed a successful offshore renminbi bond on October 12, marking the first time it has listed dim sum notes in London. The trade is set to breathe new life into the CNH market, which had been shut for more than two months following a devaluation of the currency.
-
Euros proved the currency of choice for SSA borrowers on Monday with two new issues, two taps and a mandate in the market across a range of maturities.
-
China Construction Bank is set to price the first offshore renminbi bond in more than two months, which bankers say is part of the government’s initiative to open up the dim sum bond market. The notes will also mark the first CNH deal under the newly established NDRC rules.
-
-
The European Investment Bank brought a benchmark that public sector bankers hope can bring some stabilisation to the dollar market, as another supranational eyed up a potential new source of demand.
-
Royal Bank of Canada issued the first dollar denominated Canadian deal in three months at the widest spread this year, while Münchener Hypothekenbank supplied the only euro deal of the week.
-
TDF Infrastructure, the French broadcasting infrastructure operator, gave investors something to sink their teeth into on Thursday, bringing a €600m bond to a recovering but uneasy corporate bond market.
-
Italy blew the doors off the market with the first eurozone periphery sovereign benchmark in a month. And with extra explosives from the European Central Bank, it may have blown a hole big enough for its peers to pile through, writes Craig McGlashan.
