Citi
-
Nissan Motor made its debut in the European bond market on Friday with a €2bn deal that investors would have liked larger and differently shaped, just a day after it had issued its first ever foreign currency bond, for $8bn. -
The New Development Bank has appointed the syndicate to lead its second dollar benchmark, the proceeds of which will fund its coronavirus response.
-
Seven Yankee banks stole a march this week in the race to frontload funding, as September got off to its usual red-hot start in dollars.
-
Michael Corbat is to retire from Citigroup in February, and Jane Fraser will step up as chief executive.
-
ENN Energy Holdings, one of China’s largest clean energy distributors, raised $750m on Thursday with its green bond debut.
-
-
Nestlé made the tech stock sell-off look irrelevant as it raced into the US corporate bond market as soon as it opened this week, raising $4bn and scoring the lowest coupons on record for a 144A issuer at those maturities on each of its four tranches.
-
The Kingdom of Bahrain, one of only two sub-investment grade sovereigns in the typically highly rated Gulf, tapped investors this week for its second bond of the year. The deal comes just weeks after Bahrain increased its debt ceiling, as Gulf states grapple with the impact of low oil prices and Covid-19 on their spending plans.
-
Österreichische Kontrollbank (ÖKB) kept up the strong momentum from European public sector borrowers in the dollar market on Thursday with a well received five year deal which priced through its own curve.
-
Two public sector borrowers managed to get euro deals done in the primary market ahead of the European Central Bank’s governing council meeting on Thursday, with World Bank issuing its biggest ever bond in euros longer than 10 years and Hamburg comfortably crossing the line despite an embarrassing start to the execution process.
-
French reinsurer Scor launched a tier two at a negative new issue premium on Thursday, finding plenty of demand after a prolonged absence from the market.
-
The Republic of Korea wowed investors in the dollar and euro markets on Wednesday, with a record $1.45bn-equivalent dual-tranche bond. The deal, split between 10 year dollar and five year euro notes, was priced at ultra-tight spreads — including a negative yield for the euro tranche. Morgan Davis reports.
