BNP Paribas
-
AusNet Services, the Australian electricity and gas distributor, issued a €560m 12 year bond on Friday, raising precisely the sum it wanted to swap into Australian dollars. The bond was priced close to the issuer's curve. -
Spanish civil and engineering company Grupo Actividades de Construcción y Servicios announced a €2.4bn five year loan today with a syndicate of 43 banks. The deal took three months to complete, which is unusual in the Spanish market, where deals usually take three weeks, said one Spanish banker.
-
Picard Surgelés, the French frozen food producer and retailer, sold a €770m bond on Wednesday, of which €602m will be used to pay a dividend to shareholders.
-
Italian electricity company Enel refinanced a €9.4bn credit facility on Thursday and reduced the margin on the loan from 190bp to 80bp over Euribor.
-
Telecommunication tower provider Solusi Tunas Pratama (STP) raised $300m from a five year non-call three bond on February 12, in what was the second international bond from the sector in less than 10 days.
-
-
-
With up to $50bn of additional tier one deals expected to hit the bond markets this year, bank funding teams are praying that this evolving but crucial asset class can settle down and help them meet their capital needs.
-
Deutsche Bank and BNP Paribas took to the tier two market this week with 10 year bullet trades, with Deutsche opening up first on Monday. Both deals found a hearty investor reception, trading tighter than reoffer in a secondary market that was often weak.
-
-
-
Publicis, the French advertising firm, has signed a $1.6bn loan with maturities of 2018, 2019 and 2020 and a margin of 60bp.
