Crédit Agricole
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The European Financial Stability Facility enjoyed a calmer euro market compared to the last few weeks with its second benchmark this month on Wednesday — but still opted for a defensive tenor. -
New issue concessions of 5bp were up for grabs on both Lloyds Bank and SBAB’s three year floating rate notes on Wednesday.
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The public sector borrower market is enjoying stability after weeks of turbulence, with a pair of issuers trebling the number of euro benchmarks so far this month.
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The European Financial Stability Facility has opted for a defensive maturity with a deal that should complete its funding for the second quarter of 2015.
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Two public sector borrowers have picked banks to run dollar deals on Wednesday — and even more deals could follow, said SSA bankers.
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Medical Properties Trust, the US real estate investment trust, on Tuesday began sounding European investors for a euro bond.
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Structured medium term notes denominated in renminbi could be set to take off as cuts in interest rates drive Chinese investors to look for a way to boost returns.
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Rexel, the French maker and distributor of electrical supplies, priced a €500m high yield bond tightly on Wednesday.
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Michelin, the French tyre maker, issued its first bond since 2012 on Tuesday. While the issuer drew good demand for seven and 12 year euro bonds, a proposed 30 year tranche failed to gain traction with investors.
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Lloyds Bank priced its second Environmental and Social Governance (ESG) bond on Thursday as ABN Amro lines up to issue the first green bond in euros from a financial institution.
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Michelin, the French tyre maker, issued its first bond since 2012 on Tuesday. While the issuer drew good demand for seven and 12 year euro bonds, a proposed 30 year tranche failed to gain traction with investors.
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Rexel, the French maker and distributor of electrical supplies, is roadshowing a €500m high yield bond that will refinance a dollar bond and be used for general business needs.
