Crédit Agricole
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French dough maker Cérélia has launched a €345m loan package for its acquisition of Canadian cookie and muffin maker English Bay Batter, joining UK nurseries firm Busy Bees in signing a roll-up acquisition. -
Invitations are out for a $500m three year borrowing for State Bank of India, which has lined up 13 lenders to lead the deal with the money funded in March.
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Crédit Agricole issued a five year senior non-preferred bond on Tuesday, attracting a robust order book and pricing flat to its curve. The deal showed investors are still “desperate to grab what they can get”, according to one FIG banker, despite increased uncertainty over the rates outlook and the outcome of French elections.
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Crédit Agricole became the largest shareholder of Abengoa on Tuesday, after Banco Santander disclosed to the Spanish financial regulator the sale of most of its holding in the engineering group.
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Deutsche Bank shares closed on Thursday April 6 at €15.68, well above the €11.65 subscription price in its €8bn rights issue, for which subscription closed that day.
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The palette of socially responsible investment bonds is expanding. Two borrowers made SRI debuts this week with a social inclusion bond and a sustainability bond, while a third has announced its intention to follow suit.
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KommuneKredit is set to hit the road for its debut green bond, after mandating banks on Thursday.
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Shares in Tullow Oil, the Anglo-Irish oil and gas drilling company, closed 5.5% higher on Thursday on an adjusted basis, after they began trading ex-rights before its £607m rights issue.
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The loan package backing Ardian’s buyout of Prosol Group, the parent of French food retailer Grand Frais, is set to increase leverage at the firm to more than five-and-a-half times Ebitda, a level that one investor said was overly aggressive in the sector.
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A pair of European borrowers debuted socially responsible investment bonds on Monday, raising a combined €1.2bn, with one able to tighten its price by several basis points.
