NatWest Markets
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Catalyst Housing, a UK social housing association based in Ealing, west London, made an impressive debut in the bond market this week, garnering £350m of demand for a £150m deal and pricing inside Notting Hill Housing Trust, its closest comparable. -
Has Europe’s corporate bond market ever been hotter than today? Perhaps, but Monday’s four investment grade deals totalling €7.4bn offered ample evidence of extraordinary demand — not least, what is believed to be the most tightly priced corporate hybrid capital issue ever, for Danone.
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Investors in public sector dollar deals have found themselves forced to accept brutally tight pricing as issuers drive in spreads to round off their funding programmes.
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Norwegian state-owned grid operator Statnett priced its debut benchmark euro corporate bond on Wednesday, opting to go longer than the 10 year tenor many of the recent utility issuers chose.
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Millenium Management has appointed a co-manager of its European Credit Fund, who was once head of European high yield syndicate at Royal Bank of Scotland.
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The non-US women's health unit of Israel’s Teva Pharmaceutical Industries is mulling the option of issuing its first term loans in euros to fund its buyout by private equity firm CVC.
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Norwegian state owned grid operator, Statnett, priced its debut benchmark euro corporate bond on Wednesday, continuing the recent supply of utility issuers selling longer dated new issues.
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French car hire group Europcar opened the high yield bond primary market on Monday with new debt to fund the acquisition of Spanish peer Goldcar, demonstrating how little investors are worrying about the escalating crisis between Catalonia and Spain over the former's push for independence.
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Three agencies launched short end dollar transactions on Tuesday, two of which managed to pull their spreads into impressively tight levels.
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Agencies from the Netherlands, France and Germany are set to come to market on Tuesday for short dated dollar deals.
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Empark, Vallourec and Dufry met strong demand for their new high yield bonds this week as investors opened their deep pockets.
