Deutsche Bank
-
Central and eastern European sovereigns are poised to follow Hungary’s bold lead by jumping into the international bond markets to take advantage of a spectacular CEEMEA relief rally, writes Steve Gilmore. -
Piraeus Bank built a blow-out book for its three year bond, in a transaction that could herald the coming of a wider array of peripheral borrowers.
-
Royal Dutch Shell, the UK-Dutch oil company, issued its first euro bond since 2009 on Wednesday, completing a hat-trick of bond issues this week by oil majors.
-
Banco do Brasil brought its debut euro transaction up to €1bn with a well-timed €300m tap this week as the issuer took advantage of a rally in Brazilian paper as accounts dumped Russian risk. And a chunky new issue concession ensured a strong secondary performance, even as comments about quantitative easing and interest rates from the US Federal Reserve put pressure on markets.
-
Abengoa has increased its seven year high yield bond to €500m. The Spanish engineering and renewable power group priced it at the tight end of guidance on Friday.
-
US interest rates are likely to rise next year. Janet Yellen dared say as much at her maiden press conference as Federal Reserve chair on Wednesday, provoking a swift rise in the Treasury curve.
-
Spanish pharmaceutical company Almirall sold its debut high yield bond a day early on Wednesday afternoon, with a well oversubscribed book.
-
Total, the French oil company rated Aa1/AA-, launched its first benchmark euro bond of the year on Tuesday, after a $2.5bn issue in January.
-
Gulf Keystone Petroleum has picked Deutsche Bank and Pareto Securities to arrange a RegS/144A three year transaction of up to $250m. The deal could mark only the second Iraqi or Kurdistan new Eurobond issue since the start of the 2003 war.
-
-
Australian RMBS arrears are at historically low levels, and Deutsche Bank analysts are expecting another robust year for supply and credit performance from the sector. But swap costs are stopping European markets benefiting from new Australian issuance.
