Crédit Agricole
-
The European Central Bank on Monday fined Crédit Agricole for not obtaining permission to classify instruments as common equity tier one (CET1). GlobalCapital understands this related to ordinary shares issued in an equity raise. -
The European Central Bank announced on Monday that it was imposing a €4.8m penalty on Crédit Agricole for not obtaining prior permission for classifying instruments as common equity tier one (CET1) capital. It is the second largest fine it has handed to an entity in relation to its supervisory tasks.
-
After a two year absence in the Panda bond market, Veolia Environnement made its return last week to raise Rmb1bn ($145.6m). Instead of placing another three year bond, the French corporate issuer cut the tenor to just one year — a move that paid off for the borrower, said bankers.
-
World Bank scored an average of 7.27 with its first euro benchmark in almost two years, with voters particularly praising the deal in the structure/maturity category.
-
Each of the first three days of this week saw a jumbo bond deal in the US corporate bond market, but the volume of other deals dwindled as the week progressed, and Thursday struggled to achieve $1bn of issuance.
-
Volkswagen Leasing took advantage of the positive tone in the quiet corporate bond market to build a huge order book for its €2.5bn triple-tranche offering.
-
-
World Bank returned to the euro benchmark market for the first time since October 2016 on Wednesday, amid an attractive euro/dollar basis swap for dollar funders.
-
Europe’s leveraged finance markets are having a hard time slowing down for their traditional summer break. Investors are willing to keep deploying cash and issuers are responding, with several deals scheduled to be priced in the next two weeks.
-
George Thimont will rejoin Crédit Agricole at the end of September, having previously worked at the French’s bank SSA DCM team from 2013 to 2014, GlobalCapital understands.
-
The World Bank has chosen leads to run a euro benchmark that will be the first from the borrower in nearly two years.
-
Daimler raised €3bn on Tuesday with a blockbuster bond offering of three tranches, each of which was heavily oversubscribed. The deal comes in an empty new issue market and is unusually large for this time of year.
