Europe
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Rabobank plans to roadshow its debut covered bond next week, while Banco Comercial Portugues will begin marketing a deal after an eight year absence. And after publishing an offering circular this week, Bank Queensland (BOQ) is expected to announce its first deal soon.
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Hotelbeds held a lender call on Tuesday for a €325m term loan add-on, backing its carve-out of GTA from Kuoni Travel, amid market conditions ever propitious for refinancings. -
Public sector borrowers in the euro market on Thursday focused their attentions on the long end of the curve, but not every trade made it to full subscription.
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The European Parliament is set to approve the extension of the European Fund for Strategic Investment until 2020, opening the way for negotiations with the 28 member states of the EU, which is the last step before final approval.
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The European Union has issued its first ever Schuldschein, and may issue further such deals.
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Agrokor, the debt-ridden Croatian food conglomerate, has posted a breakdown of its debt, three days after Standard & Poor's downgraded it from CC to Selective Default.
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Corporate bond issuers kept their foot firmly on the pedal on Thursday, with bankers confident that the shrinking premiums and bulging order books will continue in the coming weeks
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A recent improvement in the prices that shipping companies command may have come too late for bondholders of Rickmers, the 183 year-old Hamburg shipping company. They are set to endure losses as the borrower attempts to make it to 184.
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Rabobank has mandated leads to take its debut covered bond on the road. Covered bonds will improve Rabobank’s net interest margin and help diversify its investor base, the bank’s global head of long term funding, Sjaak-Jan Baars, told GlobalCapital.
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JP Morgan and Santander jumped on strong funding conditions in the euro market to add to their stock of bail-inable senior bonds on Thursday, after Royal Bank of Scotland was met with a blowout reception for a Yankee offering.
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Mediobanca was able to print a €1bn five year floater inside Intesa Sanpaolo’s trading levels on Thursday, as extremely supportive new issuance conditions helped the FIG market glow red hot.
