Natixis
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Natixis has hired a banker to cover Nordics and the Netherlands within its debt capital markets team for financial institutions.
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Despite expectations of a slowdown in the pace of issuance in the European high yield market, two borrowers brought €2.9bn of new bonds this week. Both issuers, Spanish construction firm Aldesa and Italian banking payments group Nexi, marketed refinancing deals. -
Metinvest, the Ukrainian metals and mining company, has refinanced the bulk of its pre-export finance (PXF) facility through the loan market, though some of its lenders have switched out of the loan to buy its concurrently issued bonds.
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Natixis has appointed François Riahi as its new CEO.
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French retailer Fnac Darty has amended and extended €600m of bank debt, with the company saying that a strengthened business model helped it cut the cost of its loan facilities.
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Bookrunners revealed more than €3bn of new speculative grade deals from seven issuers in the European high yield market this week. Coupons are slowly widening in the primary market, but they are still hitting issuers’ pricing targets, said market participants.
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A long time Natixis loans banker has left the bank to join French rival Société Générale’s global loan sales team.
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Bain Capital has begun pre-marketing for the Paris IPO of Autodis Group, the French distributor of spare vehicle parts, which it bought in October 2015.
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Commodities trader Gunvor Singapore is back for its annual refinancing, attracting commitments from 13 banks even before the $800m loan was launched into general syndication.
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Two SSA borrowers printed euro benchmarks on Thursday, rounding out one of the strongest weeks of issuance in the currency of the year.
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European high yield bond issuers roadshowed for seven lower rated new offerings this week, leaving behind the quiet of the post-Easter recess. What followed was a vigorous tug of war over pricing and terms in which bankers and investors claimed different victories.
