NatWest Markets
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Bluefield Solar, the UK solar investment fund, has financed an £89m acquisition of a 70 MW plant using a revolving credit facility, with the borrower also amending terms on the bank debt. -
NatWest Markets has made Jonathan Peberdy, Ian Donaldson and Simon Manwaring's positions on the firm's leadership team, following a reorganisation last year.
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Société Générale failed to match BNP Paribas for demand in the sterling market on Monday, after following its peer by launching a new non-preferred senior trade in the currency.
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Europe’s small and medium sized enterprises fear dark days ahead, as treasurers complain of banks withdrawing support and express concerns that central bank bond buying programmes favour the biggest and best capitalised companies. Mike Turner reports.
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Wessex Water, the UK utility, and National Grid this week proved that there is still demand for sterling corporate paper in a post-Brexit world, with both issuers seeing chunky oversubscriptions for their trades.
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Europe’s corporate bond market was teeming with life again on Thursday after a brief pause for public holidays as German pharmaceutical company Bayer and UK energy company National Grid drummed up bulging order books in euros and sterling.
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Wessex Water, the UK utility, proved that there is still demand for sterling corporate paper in a post-Brexit world, achieving almost five times oversubscription for its 15 year bond.
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KfW and Swedish Export Credit Corporation (SEK) achieved strong results in sterling on Tuesday despite extremely volatile conditions in the currency as a result of uncertainty around the impact of Brexit and the rising cases of coronavirus in the UK, which has affected swap spreads and the cross-currency basis swap for non-UK borrowers.
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Wessex Water, the Malaysian-owned UK utility, will become the first corporate borrower to hit the sterling bond market since the transition period for Brexit ended. Bankers expect a strong reception.
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The European Investment Bank became the first borrower to tap the sterling market in 2021 on Monday, while KfW is set to follow on Tuesday. While the opening deal went well, the issuers had to contend with some sharp volatility.
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Trig, the London-listed renewable infrastructure investment firm, has signed a £500m loan with its margin linked to Sonia rather than Libor, as loans bankers try to encourage borrowers look at their loan documents soon to avoid bottlenecks next year.
