Deutsche Bank
-
Lead managers of Ryanair’s debut bond are looking at a very wide range of other credits as possible pricing references for the deal, because the issuer is almost unique – an airline with strong ratings.
-
Solar panel manufacturer Trina Solar successfully raised a combined $247m by pricing a concurrent placement and convertible bond offering on June 6 despite a turbulent market backdrop as Chinese solar companies were slapped with new import taxes by the US. -
Irish credits’ appeal in the vanguard of the European recovery was underscored this week as Bank of Ireland attracted more than €5bn of orders for a new subordinated debt issue. The country’s first euro benchmark tier two since the crisis, the 10 year non-call five offering smashed through the lender’s previous pricing — and may well rank as the tightest Irish bank deal of its type, according to bankers.
-
-
The State of North Rhine Westphalia crowned a week of dollar issuance with a return to fixed rate benchmark issuance in the currency after a near four year hiatus. The move came in a week when more frequent issuers were able to attract demand even at very tight levels.
-
CABB, the German speciality chemicals firm, issued €585m of bonds last Friday (May 30) to back its takeover by Permira, pushing the company’s leverage ratio to its highest level yet.
-
OP Mortgage Bank on Wednesday returned for the second time this year to issue a €1bn five year covered bond. Despite pricing at the tightest spread for any Finnish transaction in the last five years and with a negligible new issue premium, it still attracted a robust level of oversubscription.
-
América Móvil’s reopening of the local currency new issue market in Latin America this week is unlikely to trigger a surge in issuance — despite strong interest from issuers and participation from international buyers.
-
Dimitrios Kavvathas, who was hired by VTB Capital in Hong Kong as global head of markets Asia in October 2013, is leaving the Russian bank, GlobalCapital Asia understands.
-
Banco Santander Totta surprised the market on Tuesday, announcing a mandate and opening books for its second deal this year. Though the transaction had nothing like the oversubscription seen in previous peripheral issuance, the quality of investors in the book was high.
-
-
