Top Section/Ad
Top Section/Ad
Most recent
Explicitly guaranteed Dutch utility company expected to trade tighter against govvie and agency peers
Poste will not borrow for the cash component
Former corporate’s green deal will be first under new state guarantee regime
The US dollar market buoyant this week despite escalating hostilities in the Middle East
More articles/Ad
More articles/Ad
More articles
-
Europe’s high grade corporate issuers piled into the bond market during the run-up to this week’s European Central Bank meeting, with Vonovia and JDE Peet’s bringing standout jumbo trades. -
Moody’s has torn up one of the shibboleths of the Schuldschein market — that its borrowers are worthy of investment grade ratings. On Wednesday, the rating agency said a number of borrowers from the car parts sector were overleveraged and not profitable enough. Investors appear to share these worries, but the Schuldschein market offers them little protection and there is no reliable secondary market for them to sell into.
-
Bloated syndicate teams running bonds in Asia are becoming the norm yet again. But banks and issuers need to show more restraint.
-
Enel, a long term sustainable finance champion, took €10.4bn of orders for its triple tranche sustainability-linked notes this week, but needed to pay up for longer maturities as inflation worries persisted.
-
Dräxlmaier, the German car parts maker, has launched a sustainability-linked Schuldschein. Deals from the car industry have been few and far between in the market of late. Investors have cooled on the sector, as there have been some high profile problems with specific credits at the same time as the industry undergoes big changes.
-
Survitec, the UK survival and safety company, has signed a revolving credit facility, bringing debt raised by the acquisitive company in the last few months to £297.5m.
