ING
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Green bonds are finally beginning to take hold among commercial banks, which could end up being the product’s main issuers.
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Société Générale launched a €500m no-grow five year green bond on Wednesday, following ING Bank’s lead yesterday and landing near flat to its regular senior curve.
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Financial institutions have begun a final push for funding as year-end approaches, with investors still looking to boost returns with higher beta purchases.
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Investor demand for Asian debt was put to the test this week when Singapore's Stats ChipPac executed the region’s first non-Chinese high yield bond in more than three months.
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ING Bank was able to price its debut euro green bond inside its regular senior curve on Tuesday, with bankers estimating a very slim premium for the well subscribed trade.
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Asia’s debt market saw a busy Tuesday with a trio of issuers, SP PowerAssets, Stats ChipPac and TUS Holdings, venturing out for dollars.
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The International Swaps and Derivatives Association’s (ISDA) protocol to allow regulators to temporarily stay contract close-outs now covers an estimated $560bn of cross-border securities financing.
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Anheuser-Busch InBev, the Belgian-Brazilian brewer, mandated a group of 21 banks to provide its $75bn loan facility, but there was no coordinator as AB InBev took an active role in arranging the transaction.
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Russian Copper Company has signed a $200m four year pre-export finance facility with European and Russian banks.
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Anheuser-Busch InBev has secured a $75bn syndicated loan, which has been described as “the world’s largest ever loan”, for its £71bn recommended acquisition of SABMiller.
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Commercial Bank of Dubai is settling for a smaller print and wider spread than originally indicated on its latest five year dollar bond, according to rival bankers and buyers.
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Commercial Bank of Dubai has released initial price thoughts for a five year dollar benchmark at mid-to low 200bp over mid-swaps.