Hybrid

  • BT phones ring off the hook for €500m hybrid

    BT phones ring off the hook for €500m hybrid

    British Telecommunications joined the red hot hybrid capital market on Tuesday, tightening the yield on its new bond by around 60bp during execution as investors clamoured for returns.

  • Telefonica's double does double in virus fearing market

    Telefonica's double does double in virus fearing market

    Telefonica, the Spanish telecommunications company, issued senior and hybrid bonds in euros on Monday. While it picked a horrendous day for markets for its offer, Telefonica still managed to pay small or negative price concessions relative to its secondary curve.

  • SBB’s €500m hybrid offers yield-starved investors respite

    SBB’s €500m hybrid offers yield-starved investors respite

    Samhällsbyggnadsbolaget i Norden (SBB), the Swedish social infrastructure and residential property investment company, launched a hybrid capital bond on Thursday, offering investors the chance to pick up junk rated paper from an investment grade issuer.

  • SBB lines up hybrid capital in eager market

    SBB lines up hybrid capital in eager market

    Samhällsbyggnadsbolaget i Norden (SBB), the Swedish social infastructure and residential property investment company, has mandated banks to lead a €500m no-grow perpetual non-call 5.25 year hybrid capital bond issue. Bankers off the trade expect it to fly.

  • Corporate green bond issuance hits record levels

    Corporate green bond issuance hits record levels

    The European socially responsible investment corporate bond market has made a rampant start this year, with issuance in the first two weeks already more than 10% of the total issued by companies in European currencies in 2019.