Citi
-
APA Group, the Australian gas infrastructure company, has become the latest non-European company to mandate banks for an investment grade bond in euros, as debt bankers say calmer markets in the currency are proving a magnet to foreign issuers. -
The European Stability Mechanism headed to the five year part of the euro curve on Monday to complete its first quarter funding target.
-
Rising oil prices will boost economic growth across the Middle East, possibly reducing reliance on capital markets funding. But the immediate concern for markets will be the path of interest rates.
-
Large US banks want the Federal Reserve to extend a measure allowing them to exclude Treasury bond exposures from their leverage ratio calculations. But other industry figures are pushing back. Senators have warned against the risks of letting temporary Covid support become more permanent.
-
Max Healthcare Institute, one of India’s largest hospital chain operators, is looking to raise up to Rp12bn ($164m) from a qualified institutional placement that was launched on Thursday.
-
China Everbright Bank switched things up for its $550m deal this week, by opting for a fixed rate note rather than the floating rate bonds it has favoured more recently.
-
-
-
Europe’s high grade corporate bond investors had their pick of US names this week, with issuers cramming in to raise €7.2bn of debt across 10 tranches.
-
AusNet Services, the Australian power networks company, and Italian power company Enel earned rapturous responses from investors for euro hybrid capital bond issues this week, even though the trades followed a sell-off in riskier assets.
-
Hamburg Commercial Bank is aiming to establish a regular market presence as part of its post-privatisation transformation plan by following a senior deal on Tuesday with a return to a non-preferred format later this year.
