BNP Paribas
-
Caisse d'Amortissement de la Dette Sociale is set for a market first this week, after mandating banks on Monday for what will be the first offshore renminbi bond from a French public sector issuer. -
Enagás, the Spanish gas grid operator, priced a €600m 10 year bond last Friday. A strong bid for corporate bonds, fuelled by news of the eurozone quantitative easing scheme, helped the issuer to achieve very tight pricing.
-
Terna, the Italian electricity grid company, sold a €1bn seven year bond last Friday, profiting from strong demand after the announcement of European quantitative easing on Thursday, January 22, to price with a minimal new issue premium.
-
One of the most anticipated high yield bond issues of the year so far, Altice’s transaction to refinance its buyout of Portugal Telecom, is set to be priced today (Friday), and bankers believe it will confirm the market's vigorous health at the start of 2015.
-
Taiwanese computer casings maker Casetek’s $300m three year financing has attracted five banks in syndication.
-
-
European corporate bond bankers were delighted with the market reaction to the European Central Bank’s announcement on Thursday of a bond buying programme of at least €1.08tr, much bigger than expected. And the fact that corporate bonds appear to have been left out of the programme, for now at least, did nothing to dampen their spirits.
-
Five covered bond borrowers issued benchmark deals in the first half of this week, fearing potential volatility from Thursday's European Central Bank announcement on its sovereign quantitative easing programme.
-
BNP Paribas is preparing a reorganisation of its leveraged finance and high yield teams, as part of the reordering of its corporate and institutional bank that has taken place since Yann Gérardin took over as its head in October. Market participants believe some job cuts are possible.
-
What a difference QE makes. Sentiment in Europe's high yield market has U-turned, from the uneasy, sluggish mood in the final months of last year, to an overtly optimistic January.
-
Adif Alta Velocidad, the Spanish high speed rail track operator, priced a €1bn 10 year bond on Wednesday, its second ever issue. The company had originally intended to launch the deal last year.
-
Malaysia Airports opened a €500m ($579m) seven year loan into general syndication on January 21, picking two European banks and one Malaysian bank to lead the deal. A portion of the loan will be used to finance the borrower’s acquisition of Turkey's Istanbul Sabiha Gökçen (ISG) International Airport.
