Ireland
-
In this round-up the Ministry of Finance cut the subsidy for purchasing new energy vehicles by more than half, Ireland-domiciled funds gained a new way to access the Chinese interbank bond market, and China's central bank opens up -
A trio sovereigns went to the MTN market over the past week, including Italy, which issued a yen bond for the first time since 2009. The deal, led by Nomura, was also its first issue in a foreign currency since 2010.
-
Ireland is eyeing a benchmark linker after a successful private placement on Tuesday.
-
Ireland raised €300m through an inflation-linked bond in the private market on Tuesday. The note is Ireland’s second of this type, after a €609.5m private placement in April 2017.
-
Demand for Ireland-based aircraft leasing company Avolon's unsecured loan took off, allowing it to sign the deal at $500m this week, as the company attempts to gain an investment grade rating.
-
Greencoat Renewables, the Irish wind farms fund managed by Greencoat Capital, returned to the equity capital markets on Monday with a €105.5m fundraising following the release of its 2018 earnings.
-
Tip Trailer, the Dutch trailer services company, has refinanced its revolving credit facility (RCF), ramping the size up to €967m as it gathers funding for a range of growth plans.
-
High yield bonds for auto parts manufacturer Adient slipped more than three points on Thursday as the company tweaked its loan covenants and produced disappointing numbers. The firm’s new management is taking aggressive action to turn the group around and says it needs the financial headroom to do so.
-
-
Ireland is looking at the possibility of issuing its first ever benchmark inflation linked bond in 2019, amid an expected surge in the euro public sector linker market this year. Meanwhile, Portugal is waiting for the final approval of its inaugural Panda bond, which will be sold as part of an Rmb6bn three year programme.
-
Aircraft leasing company Avolon has returned to the offshore syndications market for a $300m loan.
-
Ireland and Denmark have outlined their funding needs for next year, with both sovereigns looking to raise similar amounts to 2018.
