Corporate Bonds

  • Digi launches refi bond, riding on growth in Romanian telco market

    Digi launches refi bond, riding on growth in Romanian telco market

    Romanian telecoms giant Digi is marketing an €800m bond, offering investors exposure to risky but fast-growing Eastern European economies. Digi is joining the long list of companies taking advantage of exceptionally favourable refinancing conditions in European high yield.

  • Thailand’s Indorama looks to launch Schuldscheine

    Thailand’s Indorama looks to launch Schuldscheine

    Indorama Ventures, a petrochemicals company headquartered in Bangkok, has mandated banks to raise Schuldscheine via a European subsidiary, according to several people familiar with the situation. The deal is a further sign of the instrument's growing popularity in East Asia.

  • Aeromexico to fly in with bond debut

    Aeromexico to fly in with bond debut

    Mexico’s largest airline Aeromexico will begin meeting fixed income investors on Monday as it plots what would be its first ever international bond issue.

  • GBP considers guidance on Enel-style bonds

    GBP considers guidance on Enel-style bonds

    The Green Bond Principles organisation has gone public with its plans to set up a working group on sustainability-linked bonds. It will be charged with working out whether the GBP should issue guidance on the new structure — a move that would ensure the GBP remains relevant as the sustainable finance market changes.

  • US corps mobbed as supply drought bites

    US blue chips started to emerge from earnings blackouts this week and print tightly priced dollar bonds, as spreads continued to grind tighter.

  • Deutsche Telekom returns to Swissies with rare 12yr MTN

    Deutsche Telekom returns to Swissies with rare 12yr MTN

    A pair of investment grade issuers made rare appearances in niche currency bond markets this week. Deutsche Telekom returned to the Swiss franc market after a 10 year absence, while Hitachi Capital UK made its debut in rand.

Corporate Bonds News Archive

  • Vivacom takeover package prints through tights but PIK lags

    Vivacom takeover package prints through tights but PIK lags

    Southeast European telecoms group United Group, a BC Partners and KKR portfolio company, is marketing an all-bond financing package for its takeover of Bulgaria’s Vivacom, marketing new senior secured bonds and an add-on to its existing 2025 PIK notes.

  • Altice fan club shows up for sub debt switch

    Altice fan club shows up for sub debt switch

    Altice France jumped into one of the busiest weeks on record for European leveraged loans and high yield issuance, issuing €2.1bn of bonds and simplying the group’s capital structure. Despite the complexities of the exchange, eager buyers showed up for the bond, taking down Caa1/CCC+ debt at just 4%.

  • Sovereign debt at greater risk of being ‘stranded’

    Sovereign debt at greater risk of being ‘stranded’

    The risk that huge amounts of oil and gas assets will be stranded by moves to tackle the climate emergency may be more pertinent for sovereign credit than for private sector corporate debt, according to new research.

  • Bonds back on top as Techem changes tack

    Bonds back on top as Techem changes tack

    High yield bonds are back on top as the capital markets funding tool of choice for leveraged companies. This week, Techem tweaked its loan repricing to add a heavy bond slug and take advantage of near-record low coupons on offer. That sets 2020 up with a very different tone from the past two years, when an ever-growing CLO market meant bonds struggled to compete with loans, writes Owen Sanderson.

  • SBB’s €500m hybrid offers yield-starved investors respite

    SBB’s €500m hybrid offers yield-starved investors respite

    Samhällsbyggnadsbolaget i Norden (SBB), the Swedish social infrastructure and residential property investment company, launched a hybrid capital bond on Thursday, offering investors the chance to pick up junk rated paper from an investment grade issuer.

  • Asian green bonds build on 2019 momentum

    Asian green bonds build on 2019 momentum

    Green bond volumes reached a record level in 2019 and market participants think the sector is poised for another blow-out year. Korea South-East Power Co (Kosep) and ReNew Power Private gave a further boost to Asia’s growing green bond market this week, selling $750m of notes between them. Morgan Davis reports.

  • USPP market eyes Europe’s ESG model

    USPP market eyes Europe’s ESG model

    Several US private placement agents have told GlobalCapital that their market is finally starting to take sustainable financing seriously. But while there is an evident buzz, most feel that anything tangible, such as pricing advantages prompted by dedicated environmental, social and governance-focused funds, is still far off.

  • SBB lines up hybrid capital in eager market

    SBB lines up hybrid capital in eager market

    Samhällsbyggnadsbolaget i Norden (SBB), the Swedish social infastructure and residential property investment company, has mandated banks to lead a €500m no-grow perpetual non-call 5.25 year hybrid capital bond issue. Bankers off the trade expect it to fly.

  • Thales gets €500m with zero NIP

    Thales gets €500m with zero NIP

    Thales, the French defence company, sold a €500m bond on Wednesday that appears to have been priced with no new issue premium, or even at a fraction inside its curve, in a corporate bond market heavily weighted in borrowers’ favour.

Corporate Bonds News Archive

All Corporate Bonds

Rank Lead Manager Amount $bn No of issues Share %
1 12.44 66 7.58%
2 10.67 53 6.50%
3 9.61 61 5.85%
4 7.18 45 4.37%
5 6.24 39 3.80%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $bn No of issues Share %
1 2.01 11 7.11%
2 1.87 10 6.64%
3 1.59 10 5.63%
4 1.44 9 5.11%
5 1.34 9 4.76%