Natixis
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Ghana National Cocoa Board (Cocobod) has completed the early bird senior phase of its annual loan syndication with a strong oversubscription, said bankers involved in the deal. -
Uralkali has added $100m to a loan it recently signed with international banks, demonstrating the benefit for Russian borrowers of including an accordion feature.
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Banks steered clear of the European bond markets on Monday, as the vast majority of last week’s primary prints languished wide of their re-offer levels.
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Nexans, the French cable manufacturer, became on Friday the first double-B rated issuer to pull a European high yield bond this year. It cited unfavourable pricing and volatility in the market.
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La Poste, France’s state postal service, returned to the bond market on Tuesday with its first benchmark issue since 2012. The bond was priced tightly to its curve, but the book size was not disclosed.
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Chinese department store operator Golden Eagle International Trading is likely to increase the size of its latest borrowing for a second time to $700m. General syndication, which was launched in early April, coincided with a rating downgrade of parent Golden Eagle Retail Group by Fitch, but an attractive yield amid fewer deals helped see the financing through, said bankers.
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Nexans, the French cable manufacturer, said on Wednesday it wanted to issue €250m of high yield notes to refinance €212.6m of convertible bonds maturing on January 1 next year.
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La Poste, France’s state postal service, returned to the bond market on Tuesday with its first benchmark issue since 2012. The bond was priced tightly to its curve but the book size was not disclosed.
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Egypt has set roadshow dates for its 144A/Reg S bond.
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Chinese department store operator Golden Eagle International Trading is likely to increase the size of its latest borrowing for a second time, to $700m. General syndication, which was launched in early April, coincided with a rating downgrade of parent Golden Eagle Retail Group by Fitch but an attractive yield and good financials helped see the deal through, said bankers.
