Europe
-
Shopping mall company received a blowout response to its £400m bond last week and good take-up of a tender offer -
◆ ‘Blow-out book’ for regional issuer ◆ Attractive spreads versus swaps, OATs ◆ Minimal new issue premium paid
-
◆ Book falls €150m from its peak ◆ Leads pledge €107m ◆ Single A deal tricky to compare
-
Delistings in the renewables sector and a ‘debt-driven’ company are on market participant’s minds
-
◆ Strong demand allows for tight pricing ◆ New bond pulls Achmea's curve tighter ◆ 'Odd size' wraps up Dutch firm's covered funding
-
◆ Deal attracted strong official institution interest ◆ Borrower faced some limits at 40bp ◆ Low single digit concession paid
-
Investors are feasting on extra spreads on offer in central and eastern Europe
-
◆ Bloc lands another €10bn-plus deal ◆ Book almost a record ◆ Both real and fast money show hands
-
Senior debt was downgraded to CCC on September 25, liquidity still in question
-
Spain is 88% funded for 2024 with regular auctions left; expects next year’s programme to be similar
-
The troubled Swedish landlord is targeting an €800m market cap for its residential real estate arm
-
◆ Deal comes earlier than expected ◆ 20 new investors, including a European supranational ◆ Two green bonds done this year
