Crédit Agricole
-
South Korea’s Nonghyup Bank made a solid landing with its return to the dollar market on Monday, September 22. The $300m five year issue received strong support from Asian investors and priced slightly inside of the borrower’s outstanding 2018s. -
Abengoa, the Spanish renewable energy and engineering firm, announced a roadshow on Monday for a green bond – the first in euros for a high yield issuer.
-
The National Bank of Oman has mandated banks for its debut international offering and will meet investors this week.
-
Korea’s Nonghyup Bank returned to the dollar market on Monday, opening books for a Reg S/144A five year issue. The target size of the bond is believed to be $500m.
-
Covered bonds backed by environmental and social governance (ESG) mortgage loans are expected to become an important component of the booming socially responsible investment market following a ground-breaking Pfandbrief issued this week by Münchener Hypothekenbank (Muhyp). But bringing trades to market will not be without its challenges, writes Bill Thornhill.
-
FGA Capital, the car finance arm of Fiat, returned to the bond market on Monday for its third bond of the year.
-
Hypo Tirol has mandated leads to roadshow its inaugural syndicated €300m public sector backed Pfandbrief, starting this week.
-
Reliance Industries’ telecom arm Reliance Jio Infocomm has picked a consortium of 15 banks to lead its $1.5bn refinancing.
-
LVMH Moët Hennessy Louis Vuitton has a cachet in the bond market, as in its own field of luxury goods. An A+ rating is rare, and LVMH is an infrequent borrower. It can also rely on the enthusiastic support of French investors.
-
Holding d’Infrastructures de Transport, the holding company of Société des Autoroutes du Nord-Est de la France, the French motorway operator, returned to the bond market after a two and a half year break on Wednesday for a €450m deal.
-
-
Less than a week after mounting concerns that investors were turning away from additional tier one debt, HSBC’s standout trade on Wednesday showed that AT1, a crucial element of banks’ post-crisis capital structures, was firmly back in play. With $30bn of demand across the UK bank’s euro and dollar tranches, the stage is set for more lenders to issue the product, writes Nathan Collins.
