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◆ Japanese financial services group's UK arm prints three year bond ◆ Orderbook falls as issuer prices 'very tightly' ◆ Week front-loaded ahead of ECB meeting
◆ Only euro IG corporate deal on Monday ◆ Issuer slashes the spread and increases size ◆ Single digit concession spotted
High yields are keeping investors interested for now
Spreads widen after string of surprise jumbo tech trades
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Korea National Oil Corp (KNOC) has sold its first dollar bond of the year, opting for a Formosa transaction in Taiwan.
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Italian tyre company Pirelli has launched a Schuldschein after a six year absence from the market. This is a clear illustration, Schuldschein market participants said, of the resilience of the product, versus the shakier backdrop of public bonds.
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Natixis Investment Managers has bought MV Credit, the private debt investment firm, from the partners of the firm.
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Meyer Turku, the Finnish shipbuilder, has launched a debut Schuldschein deal, as the instrument grows in popularity in Northern Europe.
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American agricultural equipment firm AGCO has launched a Schuldschein transaction, following in the footsteps of Sherwin Williams and Wabco.
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Euro private placement lenders are limbering up for a fight over the right to refinance the first generation of Euro PP deals, many of which are maturing this year. The market began in earnest in 2012, and many of the deals had six year tenors.