Top Section/Ad
Top Section/Ad
Most recent
UKPN purchase seen as positive by rating agencies, leads to senior and hybrid upgrades
◆ Deal spans euros, sterling and dollars ◆ Wide range of US TMT comps used ◆ Slim premiums needed for euro tranches
◆ Telecoms firm takes €1.5bn ◆ Some premium needed at the long end ◆ Demand highest for shortest tranche
◆ Japanese firm guides debut euro deal tight ◆ Endeavour attracts strong demand ◆ Sales follow multi-day marketing exercises
More articles/Ad
More articles/Ad
More articles
-
Gewobag, the A2/A+ rated German housing company, has launched the first Schuldschein with Euribor floor set below zero, just months after placing €700m of Schuldscheine into the market. -
Oil major Royal Dutch Shell hit the euro bond market on Tuesday with a three-tranche trade that had an eight year tranche as its shortest maturity, Syndicate bankers say European Central Bank bond buying is creating more demand further out along the maturity curve.
-
Radius Housing has become the first housing association from Northern Ireland to raise US private placements, selling £105m to fund social housing developments.
-
State-owned China Petrochemical Corp (Sinopec) raised $2bn from three dollar bonds on Monday, making a rapid comeback to the debt market.
-
South Korean steel company Posco checked every box for investors with its $500m bond issuance on Monday. Even though the deal offered no new issue premium and pricing was tightened aggressively, buy-side support did not waver, said bankers.
-
Six Chinese real estate issuers — mostly high yield — flooded the dollar bond market on Monday with one to four year tenor deals. Investment grade rated China Vanke Co, on the other hand, tapped the longer end of the curve with a dual-tranche issuance.
