BNP Paribas
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Norwegian oil firm Det Norske Oljeselskap has signed a $2.1bn acquisition loan and is in talks with banks to obtain a $2.75bn reserve-based lending facility, partly intended to refinance the acquisition debt. -
Deoleo, the Spanish olive oil producer, has dropped the dollar tranche of its €600m refinancing loan, which will be allocated on Monday.
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Offshore supply vessel operator Icon Offshore opened books to its MR945m ($294m) IPO on May 30 with more than half the deal secured with cornerstones and only 9.8% of shares available for international investors.
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It has been slow going but Giant Interactive’s $850m five year leveraged buyout financing is gaining traction in general syndication, with commitments from three Taiwanese lenders, one of which has joined at the highest ticket level.
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Vakifbank is roadshowing the first ever euro issue from a Turkish bank via Barclays, BNP Paribas, Commerzbank, Erste Group, Natixis and UniCredit.
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Default for the sovereign remains a real possibility, but Argentine bonds are back in fashion among yield hungry investors and the Province of Buenos Aires will try to give the clearest sign yet that borrowers have market access as it prepares a $500m deal.
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Two corporate bonds were issued in Europe on Tuesday and, unusually, both were 12 year euro bonds from single-A issuers – French property company Unibail-Rodamco and Energie Baden-Württemberg, the German power generator. Both were also priced at 72bp over mid-swaps.
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Industrial and Commercial Bank of China's London subsidiary has signed a $150m one year loan.
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The Province of Buenos Aires is expected to announce a bond mandate shortly after Moody’s and Standard & Poor’s granted the bond to be Caa2/CCC+ ratings.
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Two corporate bonds were issued in Europe today, and, unusually, both were 12 year euro bonds from single-A rated issuers. Both were also priced at 72bp over mid-swaps.
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It has been slow going but Giant Interactive’s $850m five year leveraged buyout financing is gaining traction in general syndication with commitments from three Taiwanese lenders, one of which has joined at the highest ticket level.
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Adif Alta Velocidad, the state-owned company that owns Spain’s high speed rail network, issued its first bond on Tuesday. Despite difficult market conditions, it raised €1bn of 10 year money – just as Carlsberg Breweries did on the same day.
