France
-
Despite some concerns over the shaky credit backdrop that surfaced last week, BPCE attracted a comfortably oversubscribed order book for its tightly priced €1bn six year senior non-preferred on Tuesday. -
Crédit Agricole attracted strong demand for its larger than usual public sector backed covered bond on Thursday, with the strong take-up in stark contrast to its previous issue.
-
Air France-KLM, the Franco-Dutch airline, on Wednesday issued a new €500m convertible bond due in 2026. The deal was repriced in the issuer’s favour after long-only convertible funds piled in, following a drought of new supply this year.
-
In this round-up China’s new Foreign Investment Law is tipped to spark a wave of capital inflows, the US and China attack each other’s human rights records, Bank of China (BOC) expects onshore bond yields to fall but offshore ones to stabilise
-
A French public sector borrower is ready to hit the road to market its inaugural benchmark bond, following the launch of its Euro Medium Term Note programme at the end of last year.
-
-
-
European high yield investors are as eager to buy bonds as their investment grade counterparts — the difference is, while IG issuers have been pouring paper into the market, high yield has been in a drought. But that is at last starting to break.
-
Unédic, the French unemployment agency, is looking to make its foray into the socially responsible bond market.
-
The extraordinary conditions in Europe’s investment grade corporate bond market, in which three issuers in succession had printed multi-tranche bonds this week with no new issue premiums, produced a new bizarre result on Wednesday when Sanofi, one of the market’s tightest-trading issuers, took its turn.
-
The bullish mood in credit markets is sweeping through high yield bonds, enabling issuers, like their investment grade counterparts, to crank pricing several notches tighter during bookbuilds.
-
Unédic priced through fair value for its first bond of the year on Wednesday, as the European Central Bank’s announcement of fresh liquidity supercharged an already red hot euro SSA market. African Development Bank will hope to find similar success in the 10 year part of the curve after mandating banks for its first benchmark of the year.
