France
-
A French agency is set to bring a euro benchmark in the shortest tenor seen since the end of the summer, while a Dutch agency is about to sell its longest dated syndication ever in the currency. -
-
French non-performing loan servicing firm MCS Groupe printed its €200m five year floating rate note at 5.75% over Euribor on Wednesday. The deal received a boost in trading on Thursday as the market welcomed the Fed’s decision to hold interest rates.
-
French retail group Fnac printed its €650m seven year notes at 3.25% on Thursday, below the deal's initial price range, as it won plenty of demand from domestic investors.
-
Veolia Environnement became the first French issuer to tap China’s onshore debt market this month, pricing its debut Panda bond on September 1. The firm was also one of the first corporates to be allowed to repatriate funds out of China despite existing capital controls, according to its treasurer.
-
Ubisoft, the French computer games publisher, raised €400m on Wednesday in a highly successful convertible bond issue that was the first capital markets deal in its stock since 2010.
-
Tessi, the French payment processing firm, has allocated its €276m deal after marketing began in June.
-
Bankers were split on how to calculate the premium on Crédit Agricole Assurances' tier two on Tuesday, as the issuer felt few jitters ahead of two important central bank meetings.
-
French retail property group Klépierre issued a €600m 15 year bond on Monday, taking investors down the maturity range with the promise of yield.
-
Veolia Environnement priced its debut Panda bond on September 1, becoming the first French issuer to tap the onshore Chinese market. The firm was also one of the first corporates to be allowed to repatriate funds out of China despite ongoing capital controls, its treasurer told GlobalRMB.
-
The Autorité des Marchés Financiers, the French securities regulator, has set out its approach to new rules on research, introduced as part of the MiFID II package, which could see the volume of sellside research slashed. The French proposals could set the tone for the rest of Europe’s regulators, ahead of implementation of the rules at the beginning of 2018 — but it still leave questions hanging over fixed income.
