NatWest Markets
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MarketAxess, the fixed income electronic trading platform, data and post-trade services provider, has hired veteran credit trader Scott Eaton as its chief operating officer for Europe. -
Three convertible bonds were launched in Europe on Tuesday, by British Land, steel tube maker Salzgitter and Iida Group, a Japanese condominium developer.
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German electricity grid operator Eurogrid hit the euro market with a 10 year bond on Tuesday, opting to brave a tricky market in order to avoid further obstacles to issuance later this week.
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Corporate bond issuers hung back from issuing in euros on Monday, as markets made a soft opening. But the pipeline continued to fill and issuers like Eurogrid and Mohawk Industries are in the offing.
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Credit trading desks at banks have been swept by a tornado of job moves, as financial institutions specialists leave or jump to rival firms in a scramble to survive in a shrinking 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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Tennet, the Dutch state-owned electricity grid company, sold its first green bond on Thursday, and may have gained a price advantage from the green nature of the deal.
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French car rental company Europcar, which last week filed for an IPO, received on Wednesday strong demand for its €475m refinancing offer.
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UK-based insurer Aviva looked to reopen the tier two market on Thursday with a long dual tranche trade, while some senior projects were said to be held as the market widened.
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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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Europcar, the French car rental company which last week filed for an IPO, began a three day roadshow on Tuesday for a €475m high yield bond issue.
