France

TDF Infrastructure, the French broadcasting infrastructure operator, gave investors something to get their teeth into on Thursday, bringing a €600m bond to a recovering but uneasy corporate bond market.

The French bank has been cutting bankers in its M&A business, marking a shift from growth to profits, writes David Rothnie.

Amundi, the French asset manager formed of the merger of Crédit Agricole Asset Management and Société Générale Asset Management, on Wednesday took the first step towards a public listing in Paris.

China held a series of high level government meetings with the UK and France in September. One of the most publicised pieces of news was the London’s plan for a Stock Connect but perhaps just as important are a number of moves by Euronext to facilitate Chinese investment on its platforms and develop new RMB products.

French investment company Wendel bought a €300m no-grow trade to an uncertain, but increasingly stable corporate bond market on Monday.

The Ranger’s favourite expression — “The rules are, there ain’t no rules” — was thoroughly quashed last week by a load of bankers who love rules.

Altice, the fast-growing French cable telecoms investment group, raised €1.61bn of new capital today (Thursday October 1) with an intraday accelerated bookbuild, to finance its acquisition of Cablevision, the US cable company.

EDF has expanded its investor base into Taiwan with a $1.5bn bond, the first time a European issuer has bought a dollar bond to the Formosa market.

The message from market participants at the Euromoney/GlobalCapital Corporate Summit in Paris on Monday was clear: private placement investors need to go global.

The French government presented its 2016 budget on Wednesday, revealing its funding target for next year.

Bank of China Paris branch, BNP Paribas, HSBC France and Natixis are to share euro/offshore RMB (CNH) exchange rate information, financial organisation Paris Europlace said in a September 24 press release.

Present market conditions are unusually difficult for corporate borrowers, treasurers said today at the Euromoney/GlobalCapital Corporate Summit in Paris.