BNP Paribas
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US regulatory authorities said on Monday that BNP Paribas, HSBC and Royal Bank of Scotland had failed to provide adequate resolution plans in 2014, and must address the failures before submitting this year’s plans.
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Two equity block trades are in the market tonight, both in supermarket groups: Russia’s Lenta and France’s Carrefour.
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Aabar Investments, the investment arm of Abu Dhabi’s International Petroleum Investment Corp, is this evening bookbuilding a bond of €1.5bn to €2bn, exchangeable into shares of UniCredit.
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French water and waste management company Suez Environnement has refinanced its hybrid bond, due to be called in September, with a new €500m non-call seven year hybrid. -
Paprec Group, the French waste recycling company, sold a dual-tranche green bond last Friday (March 20), in the fourth such deal in the high yield market, according to Standard & Poor’s research.
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Korea Resources Corporation (KoRes) and Astra Sedaya Finance are gearing up for dollar offerings having mandated banks to run investor meetings.
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Telecom Italia’s €2bn convertible bond, launched on Thursday night and priced on Friday morning, was a big success, netting it cheap funding with a very unusual 70% conversion premium.
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Deutsche Lufthansa, the German airline company, has announced its intention to issue its first hybrid bond, in the same week that strikes forced it to cancel hundreds of flights.
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The Shanghai Hong Kong Stock Connect is set to see trading volumes grow further on the back of a new system that will further address the risks arising from its pre-delivery check requirements.
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Indonesian tower company Solusi Tunas Pratama is in the market for a triple tranche loan to take out what is left of a bridge it sealed with five banks in December last year.
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The European Investment Bank this week sparked a vehement discussion over new issue premia in euro benchmark issues in the era of European Central Bank quantitative easing.
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The answer to one of the biggest questions in banking in the post-crisis era of regulation may be taking shape in Europe. A new law in Germany will have frightening consequences for senior unsecured buyers if passed.
