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Proceeds earmarked to refinance upcoming maturity
◆ Strong demand for first sterling bond under Andy Burnham's government ◆ Deal navigates market vol ◆ Concession small, but investors attracted to spread
◆ French real estate group prints seven year bond ◆ Covivio skips guidance and tightens spread sharply ◆ Investor selectivity returns as orders fall
Bifurcation is emerging in how investors treat the hyperscalers
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China Resources Land limited (CRLand) has applied to issue a total of Rmb20bn ($3.08bn) in Panda bonds in China’s interbank bond market, two sources have told GlobalRMB.
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Standard & Poor’s decision to downgrade French supermarket chain Casino Guichard-Perrachon (Groupe Casino) to junk status sparked a dramatic but fleeting reaction in the company’s secondary bond spreads on Monday.
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The growth of the Panda bond market is being impeded by regulatory and liquidity issues in spite of the asset class’ attractive pricing, according to a report from Fitch.
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Daimler has received approval to issue and started marketing its second Panda bond sources close to the deal have said to GlobalRMB.
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Yunnan Provincial Investment Holdings Group (YIG) is set to go on the road for a series of investor meetings as it seeks to gauge interest for a possible dollar bond.
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Less than a week after the European Central Bank announced monetary stimulus measures directly targeting the continent’s corporate bond market, a dramatic rally has delivered Europe’s largest ever euro-denominated corporate bond.