Crédit Agricole

Syndication has closed for a $975m refinancing for India’s Reliance Industries, with four new lenders coming in.

Unédic and the European Stability Mechanism are set to price euro deals this week, taking advantage of a window before the start of the Easter holidays later this week.

As the European high yield market showed signs of becoming friendlier to borrowers, French car parts supplier Faurecia on Thursday sold €700m of notes to redeem a €490m unsecured bond.

Sappi Papier, the Austrian-South African paper manufacturer, sold €350m of secured notes at 4% to refinance its 2021 dollar bond, in a European high yield market that has brought forward its post-Easter pipeline of deals.

Crédit Agricole raised €3.25bn as it issued the biggest euro covered bond benchmark since 2007 on Wednesday, achieving a competitive cost of term funding at historically cheap rates.

Kommuninvest’s long-awaited first foray into the green bond market was finally priced on Wednesday and Municipality Finance plans to follow with a green debut of its own later this year. Kommuninvest’s deal came just two days ahead of NWB Bank’s 10 year dollar deal which opens books on Friday.

After disclosing on Wednesday details on its €9.3bn debt restructuring, the renewable energy multinational, Abengoa told GlobalCapital it may push to extend the length of its three month pre-insolvency proceedings.

GlobalCapital announces the results of its Equity Capital Markets Awards for 2015, following our inaugural ECM Awards Dinner, in London on March 16.

A spectacular spectrum of FIG issuers stormed into the bond markets this week as the European Central Bank’s latest round of stimulus squeezed spreads tighter and investors finally caved in to the bulging pipeline of deals. With Easter fast approaching, there is little sign of issuance slowing, writes Tyler Davies.

Kommuninvest was able to price $600m of March 2019 paper at the tight end of initial price thoughts on Tuesday, making it the largest ever green bond from a Nordic issuer.

Sappi Papier, the Austrian-South African paper manufacturer, is seeking to issue €350m of secured notes to refinance its 2021 dollar bond, in a European high yield market that has brought forward its post-Easter pipeline of deals.

As the European high yield market shows signs of becoming friendlier to borrowers, French car parts supplier Faurecia on Tuesday offered €500m of notes to redeem a €490m unsecured bond.