HSBC
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French car hire firm Europcar Group on Tuesday sold a €125m tap of its 2022 bond in a high yield market that is longing for more single-B issuance. -
Defence systems group Meggitt has completed a $600m private placement with a group of 23 investors from the US.
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US insurer AIG, one of the major players in the subprime mortgage crisis, has been welcomed back to the euro bond market for the first time since its rescue.
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Kuwaiti petrochemicals firm Equate is taking its time to refinance $6bn of loans, with bankers blaming the tight pricing and deal size for the slow progress of the self-arranged transaction.
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Republic of Turkey is looking to take its next chunk of funding in the Islamic market, just days after President Erdogan called for Muslims to reject contraception to ensure the continued growth of the Turkish population.
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Corporate bond new issuance in Europe has eased off the accelerator, with market participants talking of oversupply in recent weeks. But two events on the horizon are exerting an influence: the Brexit referendum on June 23 and the European Central Bank’s expected start of its Corporate Sector Purchase Programme.
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HSBC has appointed Andre Cronje as chief operating officer of global banking and markets, the bank's investment banking and trading division. Cronje had previously been COO of UBS Investment Bank.
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China State Construction Engineering Corporation Limited and Tianjin Infrastructure Construction are getting ready to meet investors ahead of their respective dollar fundraisings.
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French aerospace and defence company Thales returned to the European corporate bond market this week after a three year absence, printing a €600m seven year bond and clinching a 0bp new issue premium.
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KfW became the first supranational or agency to sell a euro-denominated five year benchmark with a negative yield on Tuesday.
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After a bumper week in dollars, euros will be back on the CEEMEA table this week with PKN Orlen and Croatia wrapping up meetings on Tuesday. But the European Central Bank meeting on Thursday and US data on Friday is expected to keep issuance limited this week.
