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◆ UK supermarket chain takes euro route ◆ Demand holds firm despite sharp spread tightening ◆ Small new issue concession on offer
Four tranche deal could raise at least €2bn
Only a handful of names tapped the market ahead of Independence Day
Yield-hungry investors and global issuers return could broaden sterling supply in H2
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Metropolitan Housing Trust, the UK housing association, had a tough day in the sterling bond market on Wednesday, with a debut sustainable bond that limped over the line despite two days of marketing.
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Far from heralding the dawn of a new post-pandemic paradise, England’s removal of almost all social restrictions this week could easily lead to a sharp rise in corporate defaults.
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French investment grade corporate issuers Alstom and Covivio Hotels ignored growing worries over rising coronavirus infections on Tuesday to haul in bumper demand for new bonds.
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Charlotte Weir is leaving Barclays after more than 20 years with the firm, most recently as head of corporate debt capital markets in EMEA, for a job at another bank in London.
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Metropolitan Housing Trust, a UK housing association, has mandated for a sterling bond, amid rising concerns among bankers and investors in the UK on the almost complete easing of coronavirus pandemic social restrictions in England from Monday.
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Vilogia, a French social housing company, has shrugged off being downgraded by Moody’s and having its rating withdrawn by Fitch, printing a rare floating rate note that was driven by a reverse enquiry.