Crédit Agricole
-
Over €30bn of covered bond supply is expected from borrowers in Spain and Italy next year but with nearly €40bn of Cédulas redeeming, the technical backdrop is most constructive in Spain.
-
Persistent volatility has left the vast majority of bank capital trades trading wider in 2015, with poor periphery performers joined by some notable big hitters at the bottom of the pile. -
Terex, the US lifting and material solutions company, has allocated $900m equivalent across two term loan facilities yesterday, widening the pricing on both.
-
A director has left Crédit Agricole in the latest of a string of departures from the French bank’s hybrid capital and liability management team.
-
Tata Motors has allocated its $600m dual-tranche refinancing among a group of 36 banks. The company split the amount evenly between a five year and a seven year despite the longer tenor seeing a higher volume of commitments.
-
Finnish Stainless steel producer Outokumpu reduced the size of its revolving credit facility and pushed out maturities on other existing loan agreements as part of a wider deleveraging effort.
-
Russian steel company Evraz raised $750m from a bond that was printed tight to secondary levels on Thursday as it benefited from huge pent up demand for Russian corporate paper, even in a volatile market for metals and mining firms.
-
German agency KfW will take the sustainability criteria of banks into account when they pitch for its green bond business — a move that could ensure the growing SRI market keeps true to its founding principles. But as Craig McGlashan reports, the decision could also slash the number of banks involved in the sector, which has been one of the few bright spots in the public sector bond markets this year.
-
-
Goodyear Dunlop Tires, the US tyre maker, issued €250m of eight year senior notes on Wednesday. The notes are rated Ba1/BB, with a coupon of 3.750% and non-call protection of three years.
-
Unitymedia, the German cable operator, this week priced €420m of senior secured 10 year notes to yield 4.625%, the wide end of price talk.
-
Russian steel company Evraz has set the yield on a long five year benchmark at 8.25% area, a level that bankers away from the deal said was roughly in line with where he calculated fair value for the bond.
