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The European corporate bond market let its traditional reverence for Thanksgiving lapse, printing two deals during the US public holiday on Thursday.
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BPCE is on the road for its own green bond this week and, after HSBC added to the recent green glut with a tightly priced €500m five year deal, banks are far from quenching their thirst for the asset class.
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Azelis, the Antwerp-headquartered speciality chemicals distributor, had commitments due at 5pm Thursday for its seven year euro term loan, having flexed the pricing on all first lien debt.
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Iliad, the unrated French telecoms company, issued a benchmark euro bond on Thursday, returning to the market after a four year absence.
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Azelis, the Antwerp-headquartered speciality chemicals distributor, has commitments due at 5pm today (Thursday) for its seven year euro term loan, having flexed the pricing on all first lien debt.
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Solvay, the Belgian chemical company, pulled off a triumphant bond financing for its acquisition of Cytec Industries today, issuing five tranches of senior and hybrid bonds that drew €16.85bn of orders in total.
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Marel, the Icelandic food processing company, has signed €670m of loans that it will use partly to finance the acquisition of Netherlands-based Meats Processing Systems.
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A tiring but positive week for syndicate bankers ended in a flurry of deals on Friday, as four issuers bathed in the ebullient tone of the corporate bond market.
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Mercuria Energy has wound up its latest multi-tranche loan at an increased size of $1.1bn. The shorter one year portion proved popular among lenders, but a three year tranche ended up being scaled back.
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The dollar market showed its appetite for diversity this week as Société Générale printed the first 30 year tier two bullet by a French bank and ING printed its debut green bond.
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Financial institutions were left wondering how low green bond spreads could go this week, after Société Générale and ING Bank both priced very well subscribed deals virtually flat to their senior curves. Tyler Davies reports.
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A trio of issuers from Finland and Sweden raised €3.5bn of funding in the covered bond market this week with strong receptions and limited spread concessions.