BNP Paribas
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Hoffmann-La Roche, the Swiss pharmaceutical and medical diagnostics group, on Wednesday launched its first public euro bond since 2012, and achieved remarkably tight pricing. -
A2A, the Italian multi-utility, pulled in a big book for a €300m 10 year bond it priced on Wednesday as part of a liability management exercise. The company launched a tender offer for €762m of notes due 2016 on the same day.
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Ivory Coast is marketing a 12 year amortising note. After receiving $4.7bn in orders for its 2024s last year, it has shrugged off a history of defaults.
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TeliaSonera, the Swedish telecommunications company, has issued a €500m 20 year bond, extending its euro curve by two years. The deal posed a pricing challenge, as Telia's curve is inverted and of patchy liquidity.
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Korea Hydro & Nuclear Power (KHNP), a subsidiary of Korea Electric Power Corporation (Kepco), has mandated four banks to prepare its return to the offshore debt market which could come as early as in April.
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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.
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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.
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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.
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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.
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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.
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