Top section
Top section
◆ US drugs firm pays single digit NIP ◆ Friday deals growing more common ◆ Issuer moves ahead of anticipated quiet week
French company diversifies funding after inaugural dollar deal last year
Issuers rewarded with tight pricing
Data
More articles
More articles
More articles
-
Investors have shunned carbon-intensive and sin sectors this month. The message is clear: if they want to raise capital, companies in dirty industries need to show they are making meaningful moves towards becoming socially and environmentally responsible. -
Europe’s high grade primary bond market was pumping out deals with double figure new issue concessions on Tuesday, though German real estate company Vonovia’s planned debut green deal will test whether ESG demand is still rampant enough that the borrower won't have to offer extra.
-
The volatility that defined the first week of March for SSA issuers meant the paid higher new issue premiums than before — an average NIP of 1.5bp. But the same metric fell to 0.71bp last week, suggesting growing investor comfort that will have been buoyed by the ECB’s decision last week to step up its Pandemic Emergency Purchase Programme to meet rising government bond yields — and even those numbers were well below last year’s average SSA NIP of 2.6bp.
-
IAG has launched a dual tranche euro bond — its first since the pandemic struck — following an extensive round of actions to shore up its balance sheet in the face of plunging airline passenger traffic.
-
Commodity trader Trafigura has launched US private placements, according to market sources, its second entrance to the market in less than 12 months.
-
Crédit Agricole has appointed Christian Haller to head up its debt capital markets operation in Germany and Austria.
Sub-sections
