Top Section/Ad
Top Section/Ad
Most recent
High yields and tight senior/sub spread fuel enthusiasm for issuance among investors and issuers
◆ German utilities firm debuts hybrid bonds weeks after first senior deal ◆ Books shrink as issuer pushes tight ◆ Trade lands inside peers
◆ Swisscom pushes senior/sub spread close to record tights ◆ Tennet Germany lines up debut hybrid ◆ Hybrid volumes run ahead of 2025
◆ Books sticky throughout execution ◆ Debut deal lands tight ◆ Commitment to single-A rating drives first time trade
More articles/Ad
More articles/Ad
More articles
-
After German utility company ENBW struggled to offload a $300m hybrid in a choppy market on Monday, the issuer returned with a bang in euros on Wednesday, and was quickly followed by a dual trancher from French energy provider Total on Thursday. -
France's Total became the second European issuer of a corporate hybrid in two days, following EnBW’s successful deal on Wednesday.
-
The euro corporate hybrid market reopened on Wednesday as Energie Baden-Wuerttemberg sold the second leg of its intended two currency deal, the first part of which was said by onlookers to have been subject to poor market conditions early in the week.
-
Showing its openness to ideas from the European continent, the UK this week followed the eurozone into corporate bond quantitative easing. The Bank of England began its long anticipated Corporate Bond Purchase Scheme on Tuesday, and already it appears to be stimulating a flurry of sterling bond issuance.
-
German chemicals supplier Lanxess picked two banks to supply its €2bn bridge facility for the acquisition of Chemtura. More banks are set to join in syndication, according to a banker close to the deal.
-
German utility company ENBW completed a $300m dollar hybrid bond deal on Monday, attracting 119 Asian and European accounts eager to increase their holdings of the product, despite volatility in euro markets.
