BNP Paribas
-
Irish airline Ryanair’s first bond issue is likely to be launched on Tuesday, amid widespread interest in how the deal will be priced. -
Suez Environnement, the French water and waste management group, is aiming to issue a new hybrid capital bond to refinance its €750m hybrid from 2010, which becomes callable in September 2015.
-
Swiss vending machine operator Selecta will on Tuesday begin roadshowing €550m of senior secured notes in euros and Swiss francs to refinance outstanding debt.
-
Commodity trading and mining company Glencore has signed oversubscribed revolving credit facilities totalling $15.3bn from 69 banks.
-
Lead managers of Ryanair’s debut bond are looking at a very wide range of other credits as possible pricing references for the deal, because the issuer is almost unique – an airline with strong ratings.
-
China Merchants Bank (CMB) Hong Kong branch made its dollar debut on Thursday with a $500m three year bond. After signing a new $5bn EMTN programme last week, the issuer was keen to establish its footprint in the market with the transaction and was met with a strong reception from investors.
-
Irish credits’ appeal in the vanguard of the European recovery was underscored this week as Bank of Ireland attracted more than €5bn of orders for a new subordinated debt issue. The country’s first euro benchmark tier two since the crisis, the 10 year non-call five offering smashed through the lender’s previous pricing — and may well rank as the tightest Irish bank deal of its type, according to bankers.
-
-
The State of North Rhine Westphalia crowned a week of dollar issuance with a return to fixed rate benchmark issuance in the currency after a near four year hiatus. The move came in a week when more frequent issuers were able to attract demand even at very tight levels.
-
The European leveraged loan market, usually the weaker rival of its larger US counterpart, is punching above its weight as US mutual funds have faltered in their enthusiasm for buy-out debt.
-
Banco Santander Totta surprised the market on Tuesday, announcing a mandate and opening books for its second deal this year. Though the transaction had nothing like the oversubscription seen in previous peripheral issuance, the quality of investors in the book was high.
-
CMB HK makes dollar debut with three year — KEB rides RoK tailwind — MCC puts dollar return on drawing board — HK Huafa seeks offshore RMB debut
