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
-
French aerospace and defence company Safran has closed a large US private placement, according to market sources, of €566m-equivalent in euros and dollars. -
Robert Bosch has joined a rare club to issue €2bn-plus in a single Schuldschein. The A+ rated German car parts supplier re-opened the market with an initial target of €500m. Bankers say the final result is an illustration of the depth of the market for well-rated corporates.
-
China Oilfield Services (COSL) sold its first dollar bond in five years on Thursday, nabbing $800m from a dual-tranche deal.
-
Taiyuan Longcheng Development Investment Group Co, a local government financing vehicle (LGFV), has raised $300m from a three year bond.
-
Haitong International Securities Group took advantage of a wide open market this week, raising $400m from a three year bond that priced inside fair value after heavy demand from the leads.
-
Oil major BP printed its debut hybrids this week, defending its balance sheet from the huge slump in oil prices and the ravages of global lockdown. The company lured €20bn of orders a day after writing off up to $17.5bn of assets, proving that if you’re a company with something unusual to bring to capital markets, now is the time to do it.
