Euro
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Debt collector Lowell GFKL — formed by a merger between the UK’s Lowell Group and Germany’s GFKL Group in late 2015 — hit the road to entice investors into its floating rate notes, which it will use to add a third company to the group, Germany’s Tesch Inkasso. -
US coatings maker Axalta on Tuesday sold a €450m bond to redeem its 2021 euro notes, a month after it redeemed its 2021 dollars, cutting its coupon by 200bp.
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A jumbo bond intended to refinance the debt of merged companies Quintiles and IMS on Wednesday added to a deluge of high yield issuance, with the market seeing €4bn of new bonds by Thursday.
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Bund yields are close to their highest point since the Brexit vote on June 23. It didn’t take much to push them out and it likely won’t last long, but SSA borrowers need to grab their chance to fund in maturities that don’t get much action these days.
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Kommunalbanken (KBN) on Tuesday took advantage of Lael Brainard's, a US Federal Reserve governor, dovish comments on US rates from the day before to eliminate any premium paid on its new five year dollar benchmark.
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HSH Finanzfonds printed its first ever public bond on Tuesday, attracting strong enough demand for two rounds of price tightening.
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US car rental group Hertz on Monday opened a two day roadshow for euros to refinance part of the debt of its European division and fund its operations.
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The European corporate bond market stalled on Monday as autumn supply widened in sympathy with volatile government bond markets.
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Canada Pension Plan Investment Board will sell its first ever bond on Tuesday, and HSH Finanzfonds mandated what will be its longest dated bond ever.
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Bank Nederlandse Gemeenten has kicked the week off with a long dated tap in euros and a mandate for a follow-up two year dollar benchmark, which will share Tuesday's market with two other dollar trades.
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