HSBC
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Unilever, the UK-Dutch consumer goods company, highlighted growing demand for short dated bonds and FRNs on Wednesday, when it gathered a hefty order book at arguably no new issue premium for a three year floater.
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KfW’s second Canadian dollar outing of the year enjoyed strong demand from international investors on Thursday.
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Tennet, the Dutch state-owned electricity grid company, sold its first green bond on Thursday, and may have gained a price advantage from the green nature of the deal.
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Glencore has refinanced €15.3bn of facilities, with nine banks leaving the syndicate and one new bank added to the position of mandated lead arranger and bookrunner.
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KfW’s second Canadian dollar deal of the year enjoyed strong demand from international investors on Thursday.
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Finnvera matched its record dollar syndication size with its longest ever deal in the currency on Thursday, but some bankers away from the trade felt it should have been more conservative.
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French car rental company Europcar, which last week filed for an IPO, received on Wednesday strong demand for its €475m refinancing offer.
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Hong Kong has taken another step in its bid to become a regional Islamic financing hub, pricing a new $1bn sukuk this week. But rather than repeat the common ijara structure that it adopted in 2014, this time around the government chose an asset-light wakala format to set a new benchmark for its private sector, writes Rev Hui.
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RCI Banque, the finance arm of Renault, raised €750m with a seven year bond on Wednesday. While some away from the deal thought the size was ambitious, the bond traded well in secondary.
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The Republic of Korea has mandated two banks for a credit update with bond investors in London next week.
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CMA CGM, the French container shipping company, is offering $800m-equivalent of senior unsecured notes to refinance some of its old bonds, after being upgraded by Moody’s to B1.