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High yield investors nibble at IG names, as credit investors brace for ‘trillions’ unlocked from money market funds
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Gome Retail Holdings, a Chinese retailer of electronic appliances, has cancelled an exchange-plus-new-money transaction, after investor feedback on pricing pointed to a higher yield than it wanted to pay.
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India’s Tata Motors was dealt a blow by the market on Wednesday, as it was forced to contend with protests in Hong Kong as it tried to sell a dollar bond.
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Crédit Agricole has promoted its head of debt syndicate to a larger global role.
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High grade corporate bond investors are feeling enlivened after the European Central Bank announced bumper figures for its Corporate Sector Purchase Programme for the start of November. That bucks the trend some syndicate desks had detected, of demand starting to wane, coming out of earnings season.
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Credit Suisse has chosen a banker from Deutsche Bank to co-lead its healthcare team in Europe, the Middle East and Africa.
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Mediobanca’s plan for the next four years involves boosting advisory origination and using capital more efficiently in its corporate and investment bank (CIB). It is also committed to issuing a sustainability themed bond.