High Grade

  • Sun Hung Kai jumps on strong market for tap

    Sun Hung Kai jumps on strong market for tap

    Sun Hung Kai Properties took advantage of a favourable market backdrop and solid aftermarket performance of its latest dollar bond to return with a tap just four days after the original transaction was priced.

  • Markets must face up to new deadlines for Libor transition

    Markets must face up to new deadlines for Libor transition

    Banks should stop issuing loans and bonds linked to Libor by October, according to the Bank of England’s Working Group on Sterling Risk-Free Reference Rates. But the scale of the challenge facing firms, particularly in the loan market, is causing concern.

  • Corporate green bond issuance hits record levels

    Corporate green bond issuance hits record levels

    The European socially responsible investment corporate bond market has made a rampant start this year, with issuance in the first two weeks already more than 10% of the total issued by companies in European currencies in 2019.

  • Eni, Quadient keep corp bonds humming

    Eni, Quadient keep corp bonds humming

    Eni, the Italian oil and gas company, raised €1bn with a bond issue on Thursday, while Quadient, the unrated French postal systems company formerly known as Neopost, continued the run of more esoteric corporate bond issuance.

  • Palmieri shakes up corp finance at SG

    Palmieri shakes up corp finance at SG

    Société Générale has redoubled its commitment to equity capital markets under a new structure designed to ensure it remains a force in investment banking when consolidation comes, writes David Rothnie.

  • CyrusOne brings spread in by 35bp during execution

    CyrusOne brings spread in by 35bp during execution

    Crossover credit CyrusOne, a US real estate investment trust, headed to the euro bond market for a seven year trade on Wednesday. It got chunky demand and tightened its spread by 35bp during execution.

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