JP Morgan
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Cerba Healthcare has released price guidance of just 325bp-350bp on its €544m buyout term loan, squeezing the tightening of recent repricings even further. -
Italy has mandated banks for its second syndication of the year, after a month in which its spread to closest peer Spain has tightened.
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The European Investment Bank is out with its second five year dollar benchmark of the year, kicking off issuance in what is likely to be the last busy week for dollars before a crucial Federal Reserve meeting next week.
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Singapore-listed commodities company Noble Group, ICBC International and China SCE Property Holdings were out of the gates on Monday morning for new dollar outings, coming before a widely expected Federal Reserve rate hike this month.
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Cerba Healthcare has scheduled the bank meeting for its much anticipated buyout loan package for Tuesday.
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ICICI Bank made an opportunistic move on Thursday, snagging a 5.5 year bond at the tightest spread for an Indian lender in nearly a decade.
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Mongolia has managed to escape from the brink of default with a hugely popular $600m new money plus exchange offering, as investors took heart from the recent bailout from the International Monetary Fund.
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Corporate borrowers are taking advantage of rising political worry among investors by issuing short dated floating rate notes in euros which stand a good chance of bearing negative yields, write Michael Turner, Ross Lancaster and Jon Hay.
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US President Donald Trump’s first speech to Congress, a remarkable switch in Federal Reserve rate expectations and swap spreads falling from their early week highs all failed to derail a stellar week for public sector dollar issuance. More trades are expected to come next week, before the market quiets ahead of the Fed’s next rate decision and a Dutch general election where the far-right Party for Freedom (PVV) is expected to perform well.
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The market for socially responsible investment (SRI) bonds is enjoying a burst of activity, as sub-sovereign borrowers from both sides of the Atlantic hit screens in green.
