SEB top stories

• 'Insane' rally lets Heidelberg, América Móvil slash spreads

  

  Three investment grade companies brought benchmark bond issues to the European market on Wednesday, and one brought a tap, as sentiment continued to be buoyed by the indications given by European Central Bank president Mario Draghi on Tuesday that further quantitative easing was possible, if not probable.

  • 19 Jun 2019

• Merck hybrid gets €11bn book amid risk rally sparked by Draghi

  Investors hoovered up two German hybrid capital issues on Tuesday, in a receptive market spurred on by dovish comments from European Central Bank president Mario Draghi. They were of very different stripes: a €1.5bn dual tranche issue from Merck, the pharmaceutical company, which was about 7.5 times covered, and a £400m issue from Aroundtown, the property company.

  • 18 Jun 2019

• Renault leads busy day for corp bonds after spreads tighten

  Renault issued a €1bn bond today from its industrial arm, after a tumultuous few weeks in which the company has negotiated a (for now) abandoned merger offer from Fiat Chrysler Automobiles. The deal came amid a busy flurry of smaller issues.

  • 17 Jun 2019

• Traton sets IPO range earlier than expected

  Volkswagen surprised the equity capital markets on Friday by setting a range on the IPO of its trucks division, Traton, a few days earlier than most in the market had expected. But the deal has already gained strong investor interest.

  • 14 Jun 2019

• PSA, Air Liquide and more enjoy keen bid

  With equities in green, Thursday was a fair sailing day for corporate bond issues in Europe, and five issuers took advantage, including two French names and two Swedish. Demand was strong and terms tight.

  • 13 Jun 2019

• Norwegian Property raises Nkr950m despite tough market

  While four new issuers were squeezing into the euro corporate bond market on Wednesday, Norwegian Property, an unrated real estate investment company, slipped a Nkr950m (€97m) three tranche deal into the market.

  • 07 Jun 2019

• Euro MTN issuers go long

  A trio of agencies and an infrequent issuer have printed long dated paper in MTN euros this week, and there has also been long end corporate interest in Swedish kronor.

  • 07 Jun 2019

• Nordic Capital sells remaining Resurs shares

  Nordic Capital sold its last shares in Resurs Holding, the Swedish retail finance company, on Tuesday night, ending its investment in a firm it took to market in 2016.

  • 05 Jun 2019

• Gothenburg back with second public deal of 2019

  The Swedish city of Gothenburg returned to the bond market for its second public deal of the year this week. Swedish krona bonds have proven popular in recent weeks, as both domestic and European issuers have placed deals in the currency.

  • 05 Jun 2019

• VW restarts stalled Traton flotation

  Volkswagen has rebooted the IPO of Traton, its trucks division, after the deal was delayed in March due to volatility in equity markets caused by the ongoing trade tensions between the US and China.

  • 04 Jun 2019