NatWest Markets
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KfW mandated banks on Monday for the first euro benchmark in the public sector market from a supranational or agency in two weeks. -
Dutch airport owner and operator Royal Schiphol Group launched a green bond this week to fund clean buildings and transportation, after announcing the trade two weeks ago.
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NatWest has become the first bank to integrate with a new blockchain-based platform that the UK lender says will “dramatically transform and streamline” the £3.5tr global syndicated loans market.
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British drinks manufacturer Diageo sold its largest euro corporate bond deal to date on Monday, when it sold a €2bn triple tranche deal. The proceeds are expected to be used to fund the share buy-back programme the company announced earlier in 2018.
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A global equity sell-off mid-week caused some jitters among bankers covering a live Kommunalbanken dollar deal on Wednesday, but the nervousness proved unfounded as the trade came through to acclaim. The deal was typical in a week where SSAs priced tight and with big books despite choppy wider markets.
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KfW and the Province of Ontario will hit separate parts of the dollar curve on Wednesday, with the former circulating what one on-looking banker described as “punchy” price thoughts. The deals followed a well-received floating rate note from a German Land that doubled in size.
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UK electricity distributor Western Power Distribution returned to the corporate bond market on Tuesday for its regular annual fourth quarter outing, but this time had to accept a significant new issue premium as it raised £350m.
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GlobalCapital understands UK utility company Scottish and Southern Electric (SSE) is roadshowing in the US private placement (US PP) market for £400m ($528m) equivalent offer across dollars and sterling.
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After celebrating German Unity Day on Wednesday, Deutsche Telekom (DT) wasted no time in getting back to its capital markets work with its first visit to the sterling market in 18 months, satisfying some of the latent demand in the currency.
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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.
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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.
