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Deal will fund repayment of previous instrument
◆ IG corporates pour into market ◆ Little sign of fatigue despite range of trades on offer ◆ EDP and Kering hit euros and RAC gets blowout response in sterling
◆ Smaller trades populate market after roaring week ◆ Air France KLM keeps hybrid momentum going ◆ Cencora and Icade bring no-grow bonds
◆ Transdev debuts among some big trades ◆ Abertis looks to pay zero premium on hybrid ◆ Heidelberg Cement pays low concession after big rally in its debt
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Regional fund managers are considering their best investment options to ride out global bond markets roiled by the Federal Reserve’s announcement on Wednesday of its hope to end quantitative easing as soon as mid-2014.
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Less than a week after Citic Pacific issued a $800m non-call 5.5 deal on May 14, the Chinese state-owned enterprise surprised investors by tapping the deal.
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