France
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Carrefour, the French hypermarket chain, issued a €750m bond on Tuesday, in a market enthusiastic for corporate debt. -
Natixis and Korea's KB Insurance (KBI) have signed a pact to co-invest in infrastructure and aviation debt that will be originated by the French lender.
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Société Générale has named Frank Drouet as its new head of global markets, promoting him from his position overseeing global markets for Asia Pacific.
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HLD Europe, a small and recently founded private equity firm incorporated in Luxembourg and backed by wealthy French investors, will raise up to €40m through a debut five year Euro private placement.
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Steinhoff International, the South African furniture maker and goods retailer that has been on an acquisition spree, raised €1.1bn on Thursday with a convertible bond that bucked the recent trend of deals that have struggled, partly because it was the kind of simple, traditional structure investors like.
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Another blistering week for euro issuance from public sector borrowers brought a dual tranche 20 and 50 year benchmark from the French government that other sovereigns could ape — but only if their liquidity strategy allows it, writes Craig McGlashan.
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A stream of SSA borrowers entered the primary bond market this week in both euros and dollars. Dual tranche deals were popular as borrowers sought to take size without paying heavy new issue premiums.
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BPCE made its first visit to the euro bank capital market this year on Wednesday, launching a 10 year bullet tier two trade just two weeks after a virtually identical trade in dollars.
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Echosens, the French subsidiary of Shenzhen-listed Inner Mongolia Furui Medical Science Co, is preparing a float on the main board of the Hong Kong Stock Exchange.
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The bookbuild began on Tuesday for the Paris IPO of Mediawan, a special purpose acquisition company (Spac) set up by three big hitters of French business to buy media and entertainment businesses.
