Crédit Agricole
-
Concerns from some fund managers about the terms of Altice’s new €2.5bn-equivalent bond were swamped by orders from other investors eager to bag single-B paper with a big coupon from a core high yield issuer. After a series of successful investor push-backs on deal terms, the debt laden French telecom proved this week that borrowers still can walk away with loose covenants, writes Victor Jimenez. -
Korea Hydro & Nuclear Power (KHNP) raised $600m with a green bond on Wednesday, offering no new issue premium to an investor base desperate for environmentally friendly assets.
-
The Republic of Korea has named five banks to lead its upcoming bond issuance.
-
Birla Carbon has closed a $1.2bn multi-tranche loan after attracting six participants during senior syndication, according to a banker close to the situation.
-
French telecoms firm Altice called on the high yield bond and leveraged loan markets with a €4bn cross-border refinancing deal this week, hoping that improved quarterly results would help investors shake off the apprehension they showed for the credit in March.
-
Korea East-West Power Co (EWP) raised $500m from a sustainability bond on Thursday that proved popular both in the primary and secondary markets, reflecting investors’ eagerness for defensive names.
-
Crédit Agricole said on Wednesday that it has reorganised the senior management of its corporate and investment bank, and hired Jacques Ripoll, former head of global banking and markets at Santander, as its new CIB chief executive.
-
South Korean energy chemical company SK Innovation Co enticed investors with a rare deal on Monday, taking home $500m.
-
State Bank of India is finally courting investors for its maiden green bond, which has been planned for more than a year.
-
Crédit Agricole CIB said on Monday that it had hired Paul Lynn as head of financial institutions sales UK.
-
-
A German sub-sovereign astonished the SSA market this week, selling a 50 year benchmark to show that, despite the expectations of rising rates in euros, some investors at least are still happy to put money into assets at the ultra-long end. Lewis McLellan reports.
