Euro
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India’s Power Finance Corp has reached out to overseas lenders for a $100m-equivalent borrowing in euros. Its request for 10 year money follows an attempt at a fundraising in 2016 that was scrapped because of mandatory hedging requirements. -
China Huiyuan Juice Group is tapping the offshore market for a €150m three year amortising term loan, about a year-and-a-half after making its international debut in the currency with a bond.
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The scores are in. See how market participants rated EFSF's dual tranche, the UK's £2bn inflation linked note and Spain's €5bn 2033 transaction.
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After weeks wracked by political turbulence, the euro market has finally been able to enjoy a clean run with supportive conditions.
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NRW.Bank will be the next SSA borrower to tap the euro market, after two eurozone sovereigns raised a combined €11.4bn through auctions on Thursday, making the most of a week largely free from political volatility.
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Cassa Depositi e Prestiti has sold €300m and €150m notes late in February, despite dealers reporting an overall lack of MTNs in the market.
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US car rental company Avis Budget Group called in on European investors on Wednesday with a refinancing that extended a busy pipeline of reverse Yankee high yield deals in euros.
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Capital Intelligence Ratings (CI), which has a 35-year track record of rating banks in emerging markets, has joined forces with the European Covered Bond Council (ECBC) in a move that suggests the asset class is set to spread to new frontier regions.
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Market participants have grown used to US president Donald Trump’s ability to shift markets and induce volatility with only 140 characters, but Tuesday’s address to Congress appears to have been digested without spoiling the mood in SSAs.
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The European Investment Bank is set to tackle the seven year part of the euro curve on Wednesday, an area that has had no issuance from SSAs since early February.
