BNP Paribas
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Banks are lobbying to win capital credit for their contributions to Europe’s resolution fund, as the ramp up of the €55bn fund starts to weigh on their profits.
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Two SSA borrowers are out with dollar deals early this week — trades that could set the tone for the rest of the week’s issuance in the currency. -
A trio of SSA issuers are set to pepper the euro curve on Tuesday, despite waves of volatility engulfing the market over the past few weeks.
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The UK’s move to negative outlook by Standard & Poor’s had little impact on Gilts on Monday boding well for the country’s first syndication of the 2015-16 financial year next week.
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Mercuria Energy Trading, the Swiss commodities group, has found strong support for a $2.65bn loan refinancing, but has not yet decided whether to increase the facility.
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Acibadem, the Turkish healthcare company part-owned by Malaysia’s IHH Healthcare, has completed $503m-equivalent of loans with banks.
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The UK Debt Management Office has announced which banks will run its next planned syndication — which includes a rare name on a UK mandate.
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State-owned MFB Hungarian Development Bank finished a roadshow on Wednesday for its first euro bond for four years, and has picked a tenor. But market turmoil has left it facing unacceptable spreads, and waiting for a better window.
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Bank Rakyat Indonesia (BRI), which picked a consortium of 11 banks to supply its $550m financing, held a meeting for the lenders on June 8, said bankers. The Indonesian firm was initially looking for $400m but raised the size of the borrowing following a healthy response.
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Toronto Dominion Bank was this week able to muster strong demand for a five year covered bond which priced cheap to Royal Bank of Canada’s seven year, which struggled.
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Borrowers in the sovereign, supranational and agency sector could find their funding plans rocked by whipsawing government bond yields for months to come.
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