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Structured Bonds

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  • FTE Automotive, the German clutch maker, has sold the first European high yield bond to finance an acquisition in the second half of this year.
  • The renewed vigour in Europe’s corporate bond market was evident on Tuesday when Continental, a double-B rated issuer whose deals span investment grade and high yield investors, sold a highly successful €750m bond.
  • Dealogic league tables of bond transactions, July 10, 2013. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.
  • Dealogic league tables of bond transactions, July 10, 2013. Includes SSAs, FIG, investment grade and high-yield corporates, emerging markets and ABS.
  • Banca Popolare di Vicenza has attracted €1bn of orders for its securitization of loans to Italian small and medium-sized enterprises, Berica PMI. It will aim to place more than the €500m it had originally hoped to raise.
  • Findus, the fish and frozen food company, has released price guidance for its £410m high yield bond. It plans to sell euro and sterling notes tomorrow, dropping a planned Swedish krona tranche.