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GC Asia
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IG corps roar to life as dour mood lifts
European companies piled into the bond market on Wednesday with a variety of deals that favoured duration, as buoyant sentiment returned after being sapped by the US Federal Reserve last week.
23 Jun 2021 -
Vattenfall prints sterling green hybrid inside euros
Vattenfall, the Swedish electricity company, powered through its euro hybrid capital funding levels with a debut sterling green hybrid this week, as the sterling market continues to provide ample support for borrowers.
22 Jun 2021 -
Sterling lures ESG issuers as Vattenfall and Assura line up
Vattenfall, the Swedish energy company, and UK care home operator Assura have mandated for sterling use of proceeds ESG deals, as sustainability bankers say that the sterling market is growing in popularity for issuance.
21 Jun 2021 -
Hybrids and crossover names fill market as investors hunt yield
Hybrids and crossover rated corporate bond issuers hit screens this week, as the thirst for yield returned to the European market.
17 Jun 2021 -
Heimstaden Bostad takes advantage of yield thirst with hybrid
Heimstaden Bostad, the Swedish housing company, had a trickier time in the market with its hybrid capital issue on Thursday than Poste Italiane had a day earlier, suggesting that there is still some sectoral sensitivity among yield-hungry corporate bond buyers.
17 Jun 2021 -
Lower rated IG corps opt for size over price
The two riskiest issuers in Europe’s corporate bond market on Wednesday both opted for size over pushing hard on pricing. Poste Italiane with its hybrid capital issue and crossover-rated Finnish nuclear power company Teollisuuden Voima priced bigger than expected deals.
16 Jun 2021 -
Most Impressive Bank for Corporate Hybrid Capital — Citi
The corporate hybrid market is on a tear, with post-Covid issuance in 2020 of €46.7bn, almost as much as in the two previous years combined, and volume for 2021 already reaching €19.8bn by mid-May. Citi has been on the top-line of 60% of the corporate hybrids issued since the start of the pandemic, leading €38.6bn out of a total €66bn, and on 38 tranches out of 75 issued.
16 Jun 2021 -
Big gun joins corporate social bond mart with EDF’s €1.25bn debut
Prospects for companies to issue more social bonds rose this week, with the debut issue by Electricité de France, a borrower with a long and influential track record in the green bond market.
28 May 2021 -
ESG leads the way in a roaring week for IG corporate issuance
Europe’s high grade corporate market this week saw one of its busiest days of the year, with a touch over €4.5bn printed from eight tranches on Wednesday, and investors lapped up most of the deals with ease.
27 May 2021 -
Investors feast on trades in stuffed day for IG corporates
Europe’s high grade corporate borrowers piled into the bond market on Wednesday to sell debt before the public holiday weekend in the UK. Investors showed no signs of indigestion on one of the busiest days of the year so far.
26 May 2021
