Crédit Agricole
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Eurofins Scientific, the unrated French food and drugs testing company, has decided not to proceed with a planned euro bond after completing its roadshow for the deal last week, as investors increasingly take a stand on the market's tight pricing levels.
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KEB Hana Bank executed a $650m dual-tranche offering on Tuesday, ahead of an expected burst of supply from financial names. While the issuer priced the longer five year portion flat to its outstanding curve, it decided to be slightly generous with the three year to bag a larger amount.
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After mandating leads on Wednesday, Bank of Montreal is set to open books on Thursday for what will become the longest Canadian covered bond in euros. Having issued three year and five year deals this year, BMO’s fourth trade of 2016 will be a curve extending seven year.
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Investment grade corporate issuers hit the euro bond markets in force on Tuesday with five primary transactions in play, but defensive deal sizes characterised the frantic flow.
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The European Stability Mechanism (ESM) and the Société de Financement Local (SFIL) sold benchmark debt to an increasingly welcoming market for euro-denominated paper on Tuesday.
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Some eight banks that arranged Saudi Arabia’s $10bn loan in May have secured berths on the sovereign's bond extravaganza that is due to kick off this week.
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South Korea’s KEB Hana Bank has received positive feedback from investors for its dual-tranche 144A/Reg S trade, launched on Tuesday morning.
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On Monday Spain's Ibercaja returned to the covered bond market for the first time since 2010 to issue the tightest Spanish deal this year. Although the book contained fewer orders than many Spanish covered bonds, the scale of excess demand was above average.
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Necta & Wittenborg Global Vending, the Italo-German vending machine maker, kicked off October for the euro high yield market, which printed €16bn of deals during the previous month.
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Italian multi-utility company Hera made a rare visit to the euro market on Thursday as it issued a sub-benchmark 10 year bond that was over two times subscribed.
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Electricité de France tapped three different European investor bases in one go on Thursday as it hit the euro, Swissie and green markets for €3.1bn-equivalent of bonds.
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French agency Société de Financement Local will launch on Tuesday its first ever syndication.