BNP Paribas
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AG Hybrid Financing, an international unit of Belgium insurer Ageas, is looking to tender its sole remaining perpetual subordinated bond, while Ageas's Belgian unit AG Insurance has mandated banks to arrange investor meetings for a Solvency II compliant bond.
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Danube Foods Group is seeking final commitments on a loan backing its buyout by Mid Europa Partners, after discussing pricing with potential lenders this week. -
The European Investment Bank took a cautious approach to its 10 year EARN on Wednesday, opting to take longer than usual to execute the deal, now expected to be priced on Thursday.
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UCB, the unrated Belgian pharmaceuticals company, is sounding out demand for a senior unsecured euro bond for general financing purposes among European investors.
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The Bank of Bahrain and Kuwait priced its five year Eurobond at the top of guidance on Wednesday after a two day execution.
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Slovenia has released price guidance for a 20 year euro benchmark bond at 70bp-75bp over mid-swaps — a first in this tenor for the country.
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BNP Paribas has restructured reporting lines on its syndicate desk, including giving one person responsibility for loans, high yield bonds and leveraged finance.
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Volkswagen launched an unexpected hybrid bond on Tuesday, into a corporate bond market weakened by falling rates and heavy supply, and failed to tighten the pricing from initial guidance.
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Emirates NBD printed a €550m seven year bond on Tuesday, a breakthrough for Middle East banks in the euro market. But bankers said they are uncertain whether other issuers will now follow.
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The Bank of Bahrain and Kuwait (BBK) has taken over $800m of orders for its five year Eurobond. The deal is due to price later on Tuesday.
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A weak secondary market was unable to discourage investors from taking part in a rare senior trade for Denmark’s Jyske Bank on Tuesday.
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Paprec Group, a French waste reprocessing company, is set to issue its first high yield offer with a €480m bond that it will use to refinance senior debt invested in eligible recycling projects.
