Hybrid

  • For once, the green bond is the tough sell

    For once, the green bond is the tough sell

    Three companies piled into the euro bond market on Monday, but the deals drew mixed reactions. Two standard investment grade issues from LafargeHolcim and Ford Motor Credit appeared to fare better than a rare green hybrid from Citycon paying a juicy yield.

  • Beijing Capital lands $500m from new sub perp

    Beijing Capital lands $500m from new sub perp

    Chinese government-owned Beijing Capital Group Co sold a $500m perpetual deal on Thursday, just a couple of weeks ahead of the scheduled call date of an old bond by its real estate arm.

  • Yield-hungry investors swarm Accor hybrid

    Yield-hungry investors swarm Accor hybrid

    Investors piled into a new hybrid bond for hotel group Accor this week to oversubscribe the €500m deal by almost six times. The demand reflected a ramping up of the hunt for yield as the European Central Bank stokes the fires of its corporate bond buying programme.

  • Infineon, BMW continue corporate rush to market

    Infineon, BMW continue corporate rush to market

    Europe’s high grade corporate bond market maintained its steady flow of new issues on Wednesday, with Infineon Technologies heading into the euro market for a dual tranche hybrid, while BMW drove by in sterling and more names populated the pipeline.

  • Orange hybrid flies on last day before ECB

    Orange hybrid flies on last day before ECB

    In the nervous last day before the European Central Bank's much-hyped monetary policy announcement on Thursday, only two corporate bond issuers brought deals. Both Orange, the French telecoms group, and Worldline, the French payments group carved out of Atos.

  • Corp bonds tighten sharply as party rages

    Corp bonds tighten sharply as party rages

    The hail of issuance in European corporate bonds continued at full pelt on Wednesday as Orange and National Grid joined the fray with multi-tranche deals. Investors and issuers seem equally eager to do business.

  • EnBW uses hybrid for sophomore green effort

    Energie Baden-Württemberg (EnBW) hit screens on Monday to sell a pair of green hybrid bonds, returning to the green bond market to follow up on its October 2018 debut.

  • Aroundtown comes round again for euro hybrid

    Aroundtown comes round again for euro hybrid

    Aroundtown, the German property company, chose Tuesday, when the European corporate bond market was otherwise empty of new issues to sell its second hybrid capital deal in as many months.