Crédit Agricole
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Sébastien Domanico has started in his job as head of debt capital markets at Crédit Agricole CIB, after a long run of gardening leave. The firm's previous DCM head, Tim Hall, departed in July.
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FTSE 250 bus and rail company Go-Ahead has signed a £200m bridge loan to insure against execution risk when it comes to refinance a sterling bond. A number of investment grade companies have been exercising precautionary liquidity management of late, said one banker in London. -
Yingda International Leasing, which launched a $200m syndicated loan in January, has modified the deal's terms after a change in ownership.
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The German lender has appointed leads to market its first senior unsecured green deal from next week.
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General Motors Financial, the financing subsidiary of the US automotive giant, hit the European corporate bond market with speed on Wednesday as it issued a benchmark transaction.
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Municipality Finance will sell its debut green bond in dollars, rather than in euros as it previously intended, in order to secure cheaper funding.
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China’s Yestar International Holdings Company and South Korea’s Nonghyup Bank have kicked off investor meetings for their respective bond offerings.
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Crédit Agricole has strengthened its Hong Kong operation with the appointment of a new senior country officer.
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Though Crédit Agricole is rarely considered one of the glitziest houses in the capital markets, a target of doubling revenues in global markets in five years’ time stands in sharp contrast to the gloom pervading its peers. It’s a plausible plan, too — the future belongs to the well-capitalised.
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UniCredit Italy took advantage of constructive conditions and scarce Italian covered bond supply to launch a 10 year on Wednesday. The bank was rewarded with a well oversubscribed order book while paying little new issue premium.
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A surfeit of supply hit the long end of the covered bond curve this week as issuers piled in to take advantage of extraordinarily cheap funding conditions that are unlikely to last long. Bill Thornhill reports.
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Sparebank 1 Boligkreditt on Tuesday followed Commerzbank into the covered bond market. By coming 20bp back of Commerz, the Norwegian sale was much smoother.
