NatWest Markets
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Hindustan Petroleum Corp’s (HPCL) $400m 39 month facility has entered general syndication. The deal is being led by seven banks that will prefund the money this month. -
German cable company Unitymedia has continued its refinancing run in robust fashion, pricing €700m of 12 year non-call six senior unsecured bonds at 3.75% on Monday.
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Moody’s issued a €500m 12 year bond on Friday, its first in euros, crowning a week in which US issuers dominated the European bond market.
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A £340m seven year term loan ‘B’ for Sky Bet is trading up in the secondary market, despite investor pushback during its syndication.
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Borrowers partied in dollars this week as a lack of supply and an attractive euro/dollar basis swap combined to allow them to print at attractive levels at the short end.
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Sir Howard Davies will replace Philip Hampton as chairman of Royal Bank of Scotland, the bank confirmed as part of its results announcement on Thursday.
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Royal Bank of Scotland announced on Thursday that it will sell around £2bn of additional tier one capital in 2015, as it reported its seventh consecutive annual loss.
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Royal Bank of Scotland’s CEO Ross McEwan announced on Thursday plans to shrink its investment bank over the next four years, while remaining a top three firm in various markets.
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Mizuho could expand its US coverage, debt capital markets, loan capital markets and syndicate on the back of its purchase of an asset portfolio from Royal Bank of Scotland.
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Snacks and coffee maker Mondelez was one of a string of US companies to access the European bond market this week when it priced €2.6bn of euro and sterling bonds on Wednesday.
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The £340m loan for Sky Bet is trading up in the secondary market, despite investor pushback during its syndication.
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PPG Industries, the American paint, industrial coatings and glass company, has hired banks for a euro bond, as its existing €300m 10 year, issued in 2005, approaches maturity.
