France
-
This week's scorecard looks at the progress French agencies have made with their funding so far this year.
-
BNP Paribas and HSBC followed Barclays into the sterling market on Monday, revealing opportunities in the currency following last week’s Bank of England meeting as spreads grind tighter and book sizes grow. -
Petit Forestier, the French refrigerated vehicle leasing firm, closed syndication of its €525m acquisition loan earlier this week with oversubscribed commitments from lenders.
-
In the 1983 blockbuster movie TV meteorologist Phil Connors gets caught in a time loop. With new issue premiums set to rise and spreads prone to soften, the covered bond market could also be set for a repeat of last year, say bank traders, and analysts at Crédit Agricole.
-
France's Danone has completed syndication of $13.1bn of loans to fund the $12.5bn acquisition of North American organic food and drinks company White Wave. But there might not be many more jumbo deals this year, as political volatility looks set to hang over the M&A market for a little longer, writes Robert Cooke.
-
-
Chief executive Frédéric Oudéa warned of further turbulence as a year-on-year slump in Société Générale’s equities business drove profits at its investment bank 36.2% lower. Group profits, however, were cushioned by strong international retail banking income and the sale of shares in Visa Europe.
-
BNP Paribas showed the euro market was still open with a €750m 10.5 year tier two deal on Wednesday, jumping in ahead of the introduction of ‘tier three’ to profit from strong results and receptive markets.
-
French medical equipment supplier Bastide Médical has refinanced its debt with €90m of syndicated loans and a €25m Euro PP. The firm is one of a number of smaller domestic companies providing deal flow for the loan market in a period when European borrowers have been less active.
-
France's Danone has completed syndication of $13.1bn of acquisition loans to fund the purchase of North American organic foods company White Wave. Only relationship banks were invited to participate.
-
-
A strong second quarter performance in fixed income trading has bolstered BNP Paribas’ corporate and investment banking results and helped cushion falls in its equities business and domestic retail banking arm.
