Commerzbank
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Small firms may be set to benefit from new rules proposed by the European Commission meant to lower the cost and bureaucracy associated with accessing the capital markets, but issuers of bonds to institutional investors are likely to be hit with greater expense.
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Nigeria’s Ecobank signed its $170m loan refinancing on Monday, the deal pays 1% more than the previous loan and has attracted four new lenders, despite a meagre showing of Nigerian deals this year. -
Solvay, the Belgian chemical company, enjoyed the benefit of the European corporate bond market's blistering return to form this week, when it raised €3.25bn of hybrid and senior debt for its acquisition of Cytec Industries.
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SEB Germany offered the lowest ever yield for a primary covered bond when it issued a three year public sector Pfandbrief on Tuesday. But some sort of positive return was necessary, even if it was minuscule.
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Daimler closed its books on Friday for its Schuldschein note, increasing on its launch size from €300m to €1.1bn.
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Symrise, the German fragrances and ingredients supplier, has doubled the size of its Schuldschein issue after receiving strong demand from investors.
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On Wednesday, the same day as Total's debut convertible, came another inaugural deal, from Brenntag, the German chemicals distributor, which has a €7.7bn market cap — dwarfed by Total’s €113bn.
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Scandic Hotels, the Nordic hotel operator that started taking orders for its IPO on November 17, has released a covered message to investors, a lead banker said on Wednesday.
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Edag, the German family-owned car engineering service provider, started taking orders on Monday for its initial public offering in Frankfurt.
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A question mark hung over BMW’s quarterly round of private placements this week. Like some of its rivals' emissions test results, deals over the last few days showed rather higher numbers than earlier in the year.
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Finansbank has picked banks for a senior dollar benchmark that would be the first in the format from a Turkish bank since April.
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