Crédit Agricole
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On Wednesday, US car manufacturer Ford’s finance arm followed its recent trend in using the euro corporate market to fund itself in floating rate note format. The company kept its tenors short with a pair of FRNs, but found investors had a preference the shorter option. -
Investors poured into Korea Water Resources Corp’s $300m green bond on Tuesday, satiating their thirst after a rare offering from the state-owned issuer. The deal got a boost of liquidity after the bookrunners tapped a growing pool of green-focused investors.
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Chinese telecommunications firm ZTE Corp, which has failed to comply with a covenant on a $450m syndicated loan due in July, has requested lenders to waive the breach, according to bankers close to the situation.
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A solitary syndication from KfW broke the otherwise placid waters of the public sector debt market on Wednesday.
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London-listed Ophir Energy has agreed a bridge loan to back its $205m acquisition of southeast Asian assets from Australian oil and gas company Santos.
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A solitary syndication from KfW broke the otherwise placid waters of the public sector debt market on Wednesday.
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Engine manufacturer Rolls-Royce returned to the European corporate bond markets on Wednesday after a break of nearly five years. The British company sold a €1.1bn dual tranche deal which extended its maturity profile in euros.
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Gruppo EF Solare Italia, Italy's leading photovoltaic solar energy company, has signed a €1bn project finance loan to refinance its debt after rapid growth through acquisitions.
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Karen Pang, an equity-linked banker based in Hong Kong, has left BNP Paribas for a new role in Deutsche Bank, according to two sources with knowledge of the move.
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More than €3.5bn of high yield bond deals in euros, sterling and dollars were scheduled to close this week. Although some bankers described the pipeline as “crowded”, they expected market digestion to be ‘healthy’ ahead of quieter times.
