Crédit Agricole
-
Toronto Dominion Bank was this week able to muster strong demand for a five year covered bond which priced cheap to Royal Bank of Canada’s seven year, which struggled.
-
Borrowers in the sovereign, supranational and agency sector could find their funding plans rocked by whipsawing government bond yields for months to come.
-
Skandinaviska Enskilda Banken (SEB) and Swedish Covered Bond Corp (SCBC) issued covered bonds of almost identical credit standing this week, but with very different outcomes.
-
The inflation linked market for eurozone governments showed itself to be resilient in the face of volatility in conventional bonds this week — boding well for one potential new entrant.
-
Two equity accelerated bookbuilds were conducted in Europe on Tuesday evening. One was a private equity selldown of Thule – but more unusually, Capgemini raised €500m for an acquisition, at a 2.9% discount. -
Neopost, the French postal machinery maker that has used a wide variety of financing markets in recent years, issued its third convertible bond on Thursday June 11, in an unusual structure that will give it equity credit.
-
An agency is set to become the latest issuer to enter the green bond market, after scheduling a global investor call for Friday.
-
Two first time bond issuers joined the corporate pipeline this week, with TDF Infrastructure and the University of Liverpool preparing to debut, despite a choppy primary market.
-
Gecina, the French real estate investment trust, issued its second euro bond of 2015 on Tuesday, and had to pay a chunky new issue premium and higher yield than last time.
-
Wednesday was another deal-less day for Europe's investment grade corporate bond market, as choppy conditions led borrowers to shun issuing — despite a packed pipeline.
-
CMA CGM, the French shipping group, raised €175m on Tuesday by tapping its €550m senior unsecured bond, sold on Wednesday last week, when it abandoned a planned dollar tranche.
-
Public sector bond markets are under threat from violent price moves and low liquidity for months to come, warned SSA bankers, after government bonds sold off sharply on Wednesday.
