Natixis
-
Public sector borrowers are hitting several parts of the euro curve, with dollar issuance all but dried up before the US Federal Reserve announces later on Wednesday the outcome of its Federal Open Markets Committee meeting.
-
B&B Hotels, France’s third largest budget hotels group, held bank meetings on Tuesday backing its €800m buyout by PAI Partners from the Carlyle Group and Montefiore Investment. -
The European Financial Stability Facility will hit the short and long end of the curve with its second benchmark of the year, a move that is being viewed as an effort to achieve size and duration.
-
DekaBank made a rare appearance in the public bond market on Monday, but found itself the only FIG borrower active in euros as sentiment took a turn for the worse.
-
Compagnie de Financement Foncier had been expected to open books for a 10 year benchmark on Wednesday, but postponed the deal blaming market conditions. Rival bankers said the long tenor was the wrong choice for the weak market.
-
ChemChina is in the early bird stage of syndication for its KraussMaffei acquisition loan and is targeting relationship banks, according to a banker familiar with the deal. Commitments are due around the end of the month.
-
Compagnie Générale de Géophysique, the French geological surveying company, has launched a three-for-one rights issue to raise €350m, as it struggles with its debt burden and oil companies cutting back on exploration.
-
Plans to create a new tier of debt in France has put minds at ease about the status of existing senior bonds, bolstering their performance and clearing the way for what could be a very busy year for French banks.
-
-
The Slovak Republic sold its €1bn 15 year bond on Thursday in what proved another lesson for bond syndicates in how inaccurate CEE sovereign secondary curves can be as a measure of where to price new bonds.
-
Chemicals group ChemChina will use the proceeds of a bridge facility to support its €925m acquisition of German manufacturer KraussMaffei Group, announced on Monday.
-
A trio of Spanish issuers launched the first covered bonds of the year from southern Europe this week but, with peripheral spreads widening sharply, conditions are not conducive to further supply.
