Crédit Agricole
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Korea Housing Finance Corp and Cariparma Crédit Agricole have hired lead managers to arrange investor meetings, with a view to issuing covered bonds in dollars and euros, respectively. -
A handful of deals could hit the euro market for public sector borrowers next week, with the seven year part of the curve looking particularly attractive — the latest evidence for which was a KfW trade this week.
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French retail group Fnac printed its €650m seven year notes at 3.25% on Thursday, below the deal's initial price range, as it won plenty of demand from domestic investors.
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LBBW and Crédit Agricole rode through this week’s spread volatility to price tier two bonds before the Federal Reserve’s Wednesday policy meeting.
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US car rental provider Avis this week followed rival Hertz to the euro market and sold a €300m bond, increasing the deal from its initially marketed size.
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South Korea’s Woori Bank printed a $500m Basel III additional tier one on Tuesday off the back of a modest $850m order book. The notes struggled a little in secondary the following day before rebounding on Thursday, putting the focus on the transaction’s pricing and timing, writes Addison Gong.
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Korea Housing Finance Corp and Cariparma Crédit Agricole have hired lead managers to arrange investor meetings, with a view to issuing covered bonds in dollars and euros, respectively.
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Ubisoft, the French computer games publisher, raised €400m on Wednesday in a highly successful convertible bond issue that was the first capital markets deal in its stock since 2010.
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The Cover’s 10th annual covered bond awards took place this year at the Rheinterrace in Düsseldorf on Thursday, September 15.
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South Korea’s Woori Bank printed a $500m Basel III additional tier one offering on Tuesday off the back of a modest $850m order book. Although the notes sold off a little bit in secondary, bankers on the deal reckon the issuer got away with a decent outcome ahead of expected market volatility.
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KfW brought a seven year euro benchmark on Tuesday that equalled for size a similar trade from fellow jumbo issuer European Investment Bank two weeks ago — but topped it for orders and spread.
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Bankers were split on how to calculate the premium on Crédit Agricole Assurances' tier two on Tuesday, as the issuer felt few jitters ahead of two important central bank meetings.
