Top Section/Ad
Top Section/Ad
Most recent
Life science, utilities and industrials dominate supply after big tech's big splurge
Fresh issuance expected to keep new issue premiums elevated
◆ Energy pair bring three tranches ◆ Sub-100bp senior/hybrid spreads secured ◆ Single digit concessions offered
◆ Deal attracts highest bid-to-cover ratio of the year so far ◆ Extensive marketing helps fuel demand ◆ Pinpointing fair value tricky
More articles/Ad
More articles/Ad
More articles
-
Worldline, the French payments company, received a warm reception from bond investors on Tuesday, setting aside any concerns that the scandal at German competitor Wirecard would sully sentiment towards the sector. -
Energie Baden-Württemberg, the German electricity company, has signed a new €1.5bn sustainability-linked revolving credit facility, marking the end of a busy week for the company in raising environmentally conscious debt.
-
Sentiment in Europe’s high grade corporate bond market has been rocked by the renewed focus on the coronavirus pandemic. Syndicate bankers say boosts from supportive central bank policy changes have already dissipated.
-
French dairy cooperative Sodiaal has entered the Schuldschein market, according to market sources, on the hunt for at least €100m.
-
MTU Aero Engines and Eiffage were the only corporate bond issuers in Europe on Wednesday, and both succeeded, despite a soft market buffeted by sharp spikes in coronavirus cases around the globe.
-
Fahmi Quadir, founder of short-only Safkhet Capital, tells GlobalCapital her hedge fund increased its short position in Wirecard as the crisis surrounding it unfolded. She said German regulator BaFin should have properly investigated the claims levelled at Wirecard years ago, and pointed to the problem of auditors developing long-term relationships with companies.
