NatWest Markets
-
Asian Development Bank was aggressive with the pricing of its inaugural Sonia-linked floater on Tuesday by offering no new issue premium, according to SSA bankers. Nevertheless, the supranational was able to attract more than ample interest, allowing it to increase the size of the deal. -
Warner Music and Playtech announced new bond offerings with a combined €730m volume on Monday, less than the latest weekly inflows for high yield retail funds. But Bilfinger pulled its deal.
-
-
French electricity utility EDF continued a busy September with the first hybrid corporate bond deal in the euro market for more than two months on Tuesday. It also sold a new senior trade in euros, following a $3.75bn triple tranche deal in the US the previous week.
-
World Bank blew the doors off its first bond referenced to the Sonia benchmark on Thursday, setting a new record for non-UK sterling SSA supply in the process.
-
World Bank is set to become the second supranational to issue a floating rate note referencing the Sonia benchmark, after mandating banks on Wednesday. The deal is expected to launch “as soon as Thursday” amid strong demand for the product from bank treasuries, according to one of the leads.
-
Nomura has made several appointments to its flow rates trading and sales operation in Europe, the Middle East and Africa.
-
French electricity utility EDF sold the first hybrid corporate bond deal in the euro market for more than two months on Tuesday, as it launched a tender offer for its existing hybrids with the aim of maintaining its existing volume of outstanding bonds.
-
Santander Consumer Finance did not have to pay too much concession to take senior funding from the market on Tuesday, following on from Société Générale and Royal Bank of Scotland the day before.
-
IDB Invest hit screens for a three year dollar bond on Monday, as the pipeline for the currency grew for the final quarter.
-
In the first deal from a UK bank since last week’s Salzburg summit, Royal Bank of Scotland came to the market on Monday with a senior bond from its holding company — looking to complete its sixth such transaction this year.
-
Northern Ireland Electricity, the country’s electricity grid operator, overcame any fears investors may have had about the Irish border issue in the ongoing Brexit negotiations when it upsized its deal on a rare visit to the capital markets on Thursday.
