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GC Asia
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Repsol sells hybrid and sterling bulges with midweek trades
Repsol, the Spanish oil company, brought a junk rated hybrid capital bond on Monday, but orders fell away towards the end of the execution process as debt bankers say investors are becoming more price sensitive.
18 Mar 2021 -
Repsol hybrid priced at tight end of guidance but demand stutters
Repsol, the Spanish oil company, brought a speculative grade rated hybrid capital bond on Monday but orders fell away towards the end of the execution process as debt bankers say investors are becoming more price-sensitive.
15 Mar 2021 -
AusNet Services and Enel find ample demand for hybrids
AusNet Services, the Australian power networks company, and Italian power company Enel earned rapturous responses from investors for euro hybrid capital bond issues this week, even though the trades followed a sell-off in riskier assets.
04 Mar 2021 -
Enel keeps power flowing into hybrid market
Enel, the Italian power and gas company, proved that demand still exists in euros for chunky hybrid debt with a €2.2bn dual tranche deal on Wednesday that saw more than three times oversubscription at peak demand and offered no new issue concession.
03 Mar 2021 -
AusNet rarity secures almost eight times euro demand
AusNet Services, the Australian power networks company, got a rapturous response from investors for its rare euro hybrid capital bond issue on Tuesday, as they are eager to buy subordinated debt, even though riskier assets sold off last week.
02 Mar 2021 -
Rare borrowers come to euros as AusNet plans hybrid
AusNet Services Holdings, the Australian energy company, was one of a handful of high grade corporate euro mandates announced on Monday morning, as syndicate bankers said that the volatility in the rates market means issuers will need to accept paying wider spreads.
01 Mar 2021 -
Ørsted sterling green hybrid romps home
Ørsted, the Danish power company, pushed into the green hybrid sterling market on Wednesday, with the largely UK-based sterling buyer base proving to be just as keen on the debt as their euro counterparts.
10 Feb 2021 -
Orsted joins green hybrid bonanza
Ørsted, the Danish power company, has mandated for its first green hybrid capital issue in sterling, as subordinated green, social and sustainability debt is tipped to continue finding chunky demand from investors this year.
09 Feb 2021 -
Telefónica, Iberdrola find deep demand for green hybrids
Telecoms firm Telefónica and utility Iberdrola showed the depth of demand for green hybrids this week, with both Spanish companies building large order books.
04 Feb 2021 -
Telefónica keeps green hybrid hotline ringing
Telefónica, the Spanish telecommunications company, showed the depth of demand for green hybrids on Wednesday, with a seven times oversubscribed trade that came a day after a similarly successful deal from compatriot issuer Iberdrola.
03 Feb 2021
