NatWest Markets
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Danone returned to the corporate bond market on Monday for the second time this year, with a €750m 8.5 year bond. -
Coopération Pharmaceutique Française, the French pharmaceuticals distributor known as Cooper, has bank meetings scheduled on Wednesday for more than €350m of new debt for its leveraged buyout by Charterhouse.
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Royal Bank of Scotland has hired a well known high yield specialist to head corporate and event driven credit trading.
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A tiring but positive week for syndicate bankers ended in a flurry of deals on Friday, as four issuers bathed in the ebullient tone of the corporate bond market.
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British American Tobacco has offered the sterling market its second long dated bond in as many days, a £350m 40 year tranche as part of a €1.1bn offering.
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Demand was so strong for an agency bond tap on Thursday that the leads had to ask the issuer to increase the deal, as SSA investors scrambled to get their hands on one of the last large issues of the year.
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UK building materials producer Breedon is eyeing a move to main market of the London Stock Exchange after its £336m acquisition of competitor Hope Construction Materials.
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British American Tobacco has offered the sterling market its second long dated bond in as many days, a £350m 40 year tranche as part of a €1.1bn offering.
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Royal Bank of Scotland has told bondholders it will buy back any and all of seven notes across sterling, dollars and euros, as the UK bank continues to retreat from certain businesses.
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Hiscox secured strong demand for its £250m 30 year non-call 10 tier two notes on Tuesday as sterling investors showed no signs of fatigue despite a recent spate of subordinated issuance from British insurers.
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RBS’s plan for its investment bank assumes no revenue attrition in the division, despite further ambitious cost-cutting plans that will take out £2bn of costs in the next three years.
