News content
-
United Overseas Bank is making a quick return to the dollar bond market, reopening its $500m 2026 tier twos on Friday. -
Yunnan Provincial Investment Holdings Group (YIG) is set to go on the road for a series of investor meetings as it seeks to gauge interest for a possible dollar bond.
-
Intesa SanPaolo captured the robust improvement in peripheral market sentiment following the European Central Bank’s meeting last week with its €1.25bn seven year.
-
As further news of banks being unofficially asked to stay out of arranging a Russian sovereign bond was leaked this week, gas giant Gazprom entered the Swiss franc market and drew one of the largest ever books for a note in the currency, demonstrating the pent up demand that exists for Russian paper.
-
Landesbank Hessen-Thüringen Girozentrale (Helaba) and WL Bank met contrasting outcomes for their euro denominated German Pfandbriefe issued this week.
-
Two borrowers from Denmark and Norway launched their first euro denominated covered bonds this week, expanding the number of issuers to a new record.
-
Crédit Agricole raised €3.25bn as it issued the biggest euro covered bond benchmark since 2007 on Wednesday, achieving a competitive cost of term funding at historically cheap rates.
-
Akbank — Dechra — Majan Electricity — Standbic CfC
-
Lufthansa is in the market with a €300m Schuldschein, choosing the instrument as it offers cheaper rates than the bond market, according to a spokesperson for the German airline.
-
Gazprom printed its Sfr500m bond on Wednesday from a Sfr2bn book, one of the largest ever for an international issuer in the Swiss franc market.
-
The Asian syndication of a jumbo loan to back China National Chemical Corp’s (ChemChina) acquisition of Syngenta is seeing interest from many international lenders in Asia. Banks are weighing the benefits of the borrower’s state ownership against the weakness of its financials on a standalone basis, writes Shruti Chaturvedi.
-
A host of South Korean borrowers are queuing up to sell bonds, with rare corporate names adding diversification to the usual parade of banks and state-owned enterprises. The country’s issuers have always been adept at tapping the widest investor base, but with US interest waning they might be better off staying closer to home.
