BNP Paribas
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Snam, the Italian natural gas transmission company, tapped its April 2023 bond for €250m on Wednesday. The new notes were priced with a very small pick-up, putting some investors off, but the transaction was still more than three times subscribed. -
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.
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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 Gokcen (ISG) International Airport.
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French food and drugs tester Eurofins Scientific priced a €500m seven year bond on Tuesday, following a roadshow last week. The first unrated senior corporate bond deal of the year, it was three times subscribed.
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Kazakhstan’s state-owned nuclear holding company Kazatomprom has signed a $450m facility agreement with banks to pay down eurobonds maturing this year.
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An HK$3.1bn ($400m) portion of an HK$4.46bn fundraising by CVC sponsored Hong Kong Broadband Network (HKBN) has hit general syndication, said bankers.
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Five high yield companies were roadshowing for bond issues in Europe on Monday, as banks in the market have refound their confidence and are ready to begin bringing deals in earnest.
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Thomas Cook, the UK travel agency, has launched and priced on Friday the first European high yield bond of the year from a single-B-rated borrower. It encountered the after-shocks from the Swiss National Bank's shock change of exchange rate policy on Thursday, but the company achieved its refinancing goals.
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Swedish Match, which makes the tobacco product, snus, has secured a Skr1.5bn (€158m) multicurrency revolving facility. The loan will refinance a Skr1.6bn loan signed in 2010.
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A $3.1bn piece of Tata Steel’s $5.6bn multi-trancher was signed in December with 34 lenders. The deal has been singled out for praise by many loans bankers for its structuring that led to success despite the borrower operating in the troubled steel sector.
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Dutch cable company Ziggo accelerated its dual currency bond issue to price it on Wednesday after its sister company, Virgin Media of the UK, had sold the first bond of a restructuring plan involving four Liberty Global cable subsidiaries.
